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FINANCIAL FRAUD
Parliament Watch: Centre collects ₹32 lakh crore in cesses as India Inc steps up global expansionThe Centre collected over thirty-two lakh crore rupees from cesses and surcharges. Indian companies are increasing overseas investments to ...- Digital arrests: SC tells RBI to frame SOP on mule A/CsThe Supreme Court has directed the RBI to create a standard operating procedure for mule accounts. States and Union Territories must operat...
- SC issues directions to tackle digital fraud, asks RBI to circulate SOP on mule accountsThe Supreme Court has directed the Reserve Bank of India to create a standard operating procedure. This procedure will address bank account...
- Lack of proper training in credit monitoring among reasons for frauds: CVC to banksThe Central Vigilance Commission has advised banks on training to prevent frauds. Lack of proper credit appraisal and monitoring is identif...
- ‘Don't fall for fake SMS messages’: NPCI explains how scammers target your money; shares tips to protect your bank account, UPI
- CrimeGPT comes knocking: Illegal AI services make cybercrimes cheaper and fasterIllegal AI services are making cybercrimes cheaper and faster. The threat is escalating as state actors and rogue networks weaponise fronti...
- Visa beefs up cybersecurity offerings with $2.4 billion BioCatch dealVisa is acquiring fraud intelligence provider BioCatch for $2.4 billion. This acquisition aims to significantly bolster Visa's cybersecurit...
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
- Banks propose 'Yes-No' prompt for high-risk UPI transfers to curb digital payment fraudsIndian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- Sri Lanka probes Chinese cyber fraud links after Colombo clashA violent clash in Colombo Port City has triggered a criminal investigation into Chinese nationals. Investigators suspect links to internat...
- Cyber fraud cases tripled between 2020 and 2024, Govt tells Rajya SabhaCyber fraud cases have nearly tripled in India since 2020. Telangana recorded the highest number of these cases in 2024. Online banking fra...
- ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat leadCentral GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and l...
- Supreme Court pushes Centre to define 'digital arrest' as standalone crime with tougher punishment amid rising deepfakes, frauds & fake callsSC on digital arrest: The Supreme Court suggested defining digital arrests as a standalone criminal offense. Existing laws may prove insuff...
- Government sets up India Digital Payment Intelligence Corp to contain cyber fraudsIndia Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time ...
- How AI fraud detection is reshaping banking and financial services in IndiaEvery digital payment, loan approval and investment decision carries an invisible layer of intelligence. AI products are quietly helping fi...
- Appalled and horrified that Nirav Modi still in UK, says shadow minister Priti PatelPriti Patel voiced strong disappointment regarding Nirav Modi's prolonged stay in the United Kingdom. She stated that the Indian authoritie...
- Two fugitives deported to India from Gulf nationsThe CBI has successfully facilitated the deportation of two fugitives from Gulf countries. Muhammedali Kanneer Palliyalil, wanted for murde...
- Text message scams jump 146% in India amid rise in scam-led digital fraud: ReportText message-based scams in India have surged 146 per cent, highlighting a sharp shift in the country's digital fraud landscape towards sca...
- Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS FinanceBanks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five...
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