Recent Highlights
All Stories for Frauds
Public sector banks reported frauds of over Rs 95,700 cr in first six months of the current fiscal
• 5 years agoGovernment-owned banks reported frauds of over Rs 95,700 crore in the first six months of the current fiscal, the Parliament was informed on Tuesday
RBI annual report: Bank fraud touches Rs 71,543 cr in 2018-19, records 74% jump from previous year
• 6 years agoThe number of cases of frauds reported by banks saw a jump of 15 percent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 percent in the year, RBI's annual report showed
RBI slaps Rs 7 cr penalty on SBI for violating NPA identification, fraud risk management norms
• 6 years agoThe Reserve Bank of India on Monday said it has slapped a penalty of Rs 7 crore on the country's largest bank SBI for non-compliance with norms related to NPA identification and fraud risk management, among others
Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19, says RBI's Financial Stability Report
• 6 years agoOn NBFCs, the regulator warned against potential stress and pitched for tighter regulation of the NBFCs and housing finance companies
Reserve Bank of India fines HDFC Bank Rs 1 crore for not reporting frauds, violation of KYC norms
• 6 years agoReserve Bank of India (RBI) on Tuesday fined country's largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions
Indian banks took about Rs 70,000 crore hit owing to frauds in last three fiscals, shows RBI data
• 7 years agoThe extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was Rs 16,409 crore, Rs 16,652 crore and Rs 36,694 crore, respectively
Nirav Modi scams PNB: The prime minister and his govt must put an end to this ‘Gujarat model’ of financial manipulation
Aakar • 7 years agoJeweller Nirav Modi joins a list of smart young Gujarati men — including Harshad Mehta, Hiten Dalal, Jatin Mehta and Ketan Parekh — who have in the last few years easily taken thousands of crores each from Indian banks
PNB fraud case raises questions about how businesses are managed and failures handled
Shohini Sengupta • 7 years agoThe widespread panic, both with regards to the NPA crisis, the debate over depositor protection, and bank frauds is perhaps linked to the larger question of government credibility.
Rise in number of cases under investigation in 2016-17: Sebi's annual report
Ians • 8 years agoThe market regulator initiates investigations based on references received from sources such as its Integrated Surveillance Department, other operational departments within Sebi and external government agencies.
Sebi diktat on shell companies: Biggies Parsvnath Developers, J Kumar Infra among 331 'suspects'
• 8 years agoWest Bengal (127) accounts for the largest number of companies on the list of 331 suspected shell firms, referred by the corporate affairs ministry to Sebi.