The Supreme Court has directed the Reserve Bank of India to create a standard operating procedure. This procedure will address bank account...

The Central Vigilance Commission has advised banks on training to prevent frauds. Lack of proper credit appraisal and monitoring is identif...

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for ...

Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...

NoBroker has been ordered to refund Rs 4,90,716 to a Hyderabad customer after a consumer commission found it collected the full contractual...

Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...

A consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...

Axis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They th...

Kirti Kulhari Loses Rs 2.4 Lakh In Fraud: A night out at the movies turned into a scramble to save her bank account, after actor Kirti Kulh...

An Indian national received a prison sentence and fine in the United States. Mitul Patel pleaded guilty to visa fraud involving staged arme...

The Karnataka High Court dismissed appeals by NICE and KIADB regarding the Bengaluru-Mysuru Infrastructure Corridor Project. A division ben...

Cyber fraud cases have nearly tripled in India since 2020. Telangana recorded the highest number of these cases in 2024. Online banking fra...

SC on digital arrest: The Supreme Court suggested defining digital arrests as a standalone criminal offense. Existing laws may prove insuff...

India Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time ...

Every digital payment, loan approval and investment decision carries an invisible layer of intelligence. AI products are quietly helping fi...

The Supreme Court acknowledged the rising trend of cyber frauds and their serious implications. It refused to quash or club FIRs lodged in ...

Text message-based scams in India have surged 146 per cent, highlighting a sharp shift in the country's digital fraud landscape towards sca...