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SBI FRAUD CASE
The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...- Beware! Finance Secretary Nagaraju warns banks about risk from MythosIndian financial authorities are alerting banks to the significant risks from advanced AI models. Secretary M Nagaraju highlighted the pote...
- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...
- Supreme Court rules no personal hearing needed before declaring bank account as fraudThe Supreme Court has issued a pivotal directive concerning the classification of bank accounts as fraudulent, opting not to allow personal...
- ED files fresh PMLA case against Anil Ambani, Reliance CommunicationThe Enforcement Directorate has initiated a money laundering case against Anil Ambani, Reliance Communication, and others, following a CBI ...
- After SBI, Bank of India tags Reliance Comm's loan a/c as fraud, Anil Ambani's a/c includedFollowing SBI, Bank of India has also declared Anil Ambani, Reliance Communications, and Reliance Telecom accounts as 'fraud' due to loan d...
- CBI books RCom, Anil Ambani in ₹3,000 cr SBI loan fraud caseThe CBI has filed a case against Reliance Communications, Anil Ambani, and unnamed public servants for allegedly defrauding State Bank of I...
- Delhi HC holds SBI accountable for cyber fraud, orders Rs 2.6 lakh refund, penalty, and compensation for victimDelhi High Court directed State Bank of India to return 2.6 lakh rupees. A man lost the money to cybercriminals. The court found SBI's resp...
- Lender bound to give opportunity for hearing to borrower before classifying account as fraudulent: SCRejecting the stand of both RBI and the consortium of lenders led by SBI, a Bench led by the Chief Justice said that a decision classifying...
- CBI probe in ABG Shipyard case delayed by some states including Maharashtra, says govtFinance minister Sitharaman took a dig at the previous UPA government and said eight times money was given to ABG Shipyard, a company that ...
- ABG Shipyard fraud: No delay in filing of case, says SBIABG Shipyard fraud is much higher than the one perpetrated by Nirav Modi and his uncle Mehul Choksi, who allegedly cheated the Punjab Natio...
- CBI to probe role of 'public servants' in ABG Shipyard bank fraud caseThe central agency last week booked shipbuilding company ABG Shipyard, its directors Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwani K...
- PSBs report frauds worth over Rs 19,964 crore in total 2,867 cases in April-June: RBIBank of India took the biggest hit in terms of valuation at Rs 5,124.87 crore in 47 cases, followed by Canara Bank Rs 3,885.26 crore in 33 ...
- PSBs hit by fraud cases of Rs 1.17 lakh crore in April-December: RTISBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019. This is about 26 per cen...
- Corporate frauds see a massive surge: SBIThe April–November period this year recorded 200 times more frauds compared to entire FY18.
- 18 PSBs hit by 2,480 cases of fraud of Rs 32,000 cr in Q1: RTIAs many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter.
- SBI reports 1,329 fraud cases worth Rs 5,555 crore in April-September 2018The analysis of these statistics shows that in the second quarter, the number of fraud cases reported in SBI reduced by just nine, while th...
- SBI freezes accounts of 3 Nirav Modi group companiesThe bank found out these accounts after internal scrutiny, the officials said, adding these accounts are not directly related to the PNB fr...
- ICICI Bank, SBI, StanChart top bank frauds list: RBIThe other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and ...
- PSU banks lost at least Rs 30,873.86 crore to frauds in 4 yearsAccording to documents accessed from the Ministry of Finance, these losses are only due to frauds of Rs 1 lakh or more.
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