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CENTRAL FRAUD REGISTRY
Banks flag bad loans, rising fraud in SHGsBanks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique regis...- India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
- One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millionsIran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for...
- Action taken against 1.6 lakh claims worth Rs 287 crores under AB-PMJAY till August 5, says Union Minister MandaviyaOver 1.6 lakh claims worth INR 287 crore have been acted upon by state health agencies under Ayushman Bharat Pradhan Mantri Jan Arogya Yoja...
- Frauds reported by PSBs decline to Rs 3,204 crore in FY22In 2018-19, a total of 9,092 cases were reported amounting to Rs 26,720 crore, while in 2019-20, the number of frauds rose to 11,074, invol...
- Bank fraud cases decline by about 50% in FY'22, says MoS Finance, Bhagwat KaradComprehensive steps have been taken to tackle banking frauds, including an online searchable database of frauds reported by banks in the fo...
- Banks weighing central database of fraud attemptsA senior bank executive said such a database will be on lines of the Central Fraud Registry (CFR) set up by the Reserve Bank and will have ...
- Central registry to track frauds in payment systemsIn order to carry forward these efforts and ensure quick and systemic responses.
- RBI brings in Central Fraud Registry, a likely major gamechanger for bankingThe participants in RBI's payment system will be given access to this registry for fraud monitoring that is likely to be almost real-time.
- Needed: Data sharing to curb consumer banking fraudsThe Nandan Nilekani-headed committee on digital payments has favoured a ‘central fraud registry’.
- Submit KYC documents just once for all account openingSoon, completing KYC requirements with one bank will be good enough for opening an account.
- RBI to soon set up Central Fraud RegistryThe idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans.
- RBI's new mechanism for banks to check loan fraudsThe central bank will set up a Central Fraud Registry that can be accessed by all banks to identify borrowers having committed frauds with ...
- RBI prescibes uniform provisioning norm for fraud casesPresently, banks are advertising the list of wilful defaulters on their website and newspapers individually.
- RBI to soon issue norms for Central Fraud Registry: RBI Deputy Governor SS MundraThe proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, would work under the sup...
- RBI asks NBFCs to register mortgages with Central RegistryThe central bank has asked them to register all mortgages created in their favour on or after 31st March 2011 to check the fraud related to...
- Pranab sets aside Rs 25 cr to curb home loan fraudsFraudsters would soon find it difficult to raise multiple loans against the same property with the budget setting aside Rs 25 crore for a C...
- Budget sets aside Rs 25 cr for online databse to prevent home loan fraudsFraudster would soon find it difficult to raise multiple loans against the same property with the budget setting aside Rs 25cr for a Centra...
- Central registry to end home loan fraudsBudget may contain provision for registry system that will avoid loan duplication.
- Banks want registry to check asset strippingBankers the world over often worry about not just interest rate movements, but also stripping of assets, among other things, by unscrupulou...
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