Against the backdrop of instances of independent and non-executive directors coming under the scanner for alleged corporate misdoings, the ministry has sent out a circular to its Regional Directors, Registrars of Companies (RoCs) and official liquidators with respect to prosecution proceedings
Banks, select financial institutions report frauds involving Rs 1.13 lakh crore in April-September 2019: Nirmala Sitharaman
Frauds involving Rs 1,13,374 crore were reported by banks and select financial institutions in the first half of the current financial year, Finance Minister Nirmala Sitharaman told Parliament on Monday
Prime Minister Narendra Modi on Thursday asked auditor CAG to develop technical tools to check fraud in government departments and play a role in making India a $5 trillion economy
Government-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
The 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
The 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
On NBFCs, the regulator warned against potential stress and pitched for tighter regulation of the NBFCs and housing finance companies
Reserve 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
The 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
Jeweller 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
The 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.
The 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.
West 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.
The gang first carved out shape of coins from metallic sheets in lathe machines and then prepared coins using heating and hydraulic machines.
RBI amends banking ombudsman scheme; to now include complaints on mis-selling, mobile banking from 1 July
The amendments in the Scheme shall come into force from July 1, 2017
120 computers of the Gujarat State Wide Area Network (GSWAN) were infected by the WannaCry virus, but no valuable data was lost
Siemens’ internal probe has unearthed a fraud that was perpetrated on the company over several years through fake purchase orders by certain employees
Sebi will auction 14 properties of MPS Greenery Developers next month at a total reserve price of over Rs54 crore
Sebi is also working on addressing the broader concerns that have come to fore after a probe into alleged lapses involving NSE's co-location facility.
The clarifications were sought in the light of RBI's master circular on fraud, sources said, adding that there seems to be violation of its directions on fraud.