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BANK ACCOUNT RENT FOR FRAUD
Bihar police arrests three men for renting out their accounts for up to Rs 5,000 to cyberfraudsters helping them commit Rs 25 crore fraudThree men were apprehended in Patna for reportedly offering their bank accounts for rent, aiding an interstate cybercrime group’s money lau...- Assam man with China links held for Rs 1,071 crore cyber fraud across 1,090 casesGujarat CID arrested a man from Assam for orchestrating 1,090 cybercrimes. These frauds amounted to over Rs 1,071 crore and involved China-...
- Delhi Lakshmi Yojana: Ineligible beneficiaries to face aid stoppage, recovery of duesDelhi's Lakshmi Yojana is designed to assist women between the ages of twenty-one and sixty with financial resources. Ongoing applications ...
- Airtel Payments Bank names Shabnam Sinha as chairperson, succeeding Sunil MittalShabnam Sinha will become Airtel Payments Bank chairperson from October 1, 2026. She succeeds Sunil Bharti Mittal, who steps down after ser...
- SIDBI backing is a ‘huge stamp of credibility’ for Cedar Hill Capital: Sahil AnandSIDBI’s backing of Cedar Hill Capital’s fund marks a strong vote of confidence in its strategy of investing in AI-first enterprise FinTech,...
- The next frontier in finance is not a bank. It is the machinery beneath itThe financial services landscape is evolving, emphasizing the importance of software and data infrastructures. In India, digital payments a...
- Allahabad HC orders banks to freeze only disputed amount in cybercrime casesThe Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must...
- Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know whyA man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under R...
- Parliamentary panel seeks penalties for banks hosting multiple mule accountsA parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...
- Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM Bhupendra PatelGujarat Chief Minister Bhupendra Patel highlighted the banking sector's crucial role in India's economic advancement. He urged banks to pro...
- Man found Rs 1.3 lakh missing from SBI bank account: Rs 80,000 ATM withdrawal, Rs 50,000 transfer made without his authorisation; consumer court upholds Rs 1.3 lakh refundA man's SBI bank account was drained of Rs 1.3 lakh through four unauthorised ATM withdrawals and two transfers he says he never made. SBI ...
- Dubai set to launch ‘Rent Now, Pay Later’ service in September; tenants could pay annual rent over 12 months with no interestDubai will introduce a new rent payment service in September. Tenants can spread annual rent over twelve months without any interest. A loc...
- Unmasking digital syndicates: How public-private cooperation transforms cyber investigations in IndiaIndian law enforcement is leveraging blockchain transparency to combat financial crime effectively. Recent initiatives have focused on dism...
- Cyber fraud crackdown: Centre blocks over 3,700 mobile apps, saves Rs 11,158 croreThe government has blocked 3,718 mobile applications by June 30, 2026. Over Rs 11,158 crore has been saved through 32.80 lakh fraud complai...
- 88-year-old Delhi man loses mobile, then Rs 70,000 vanishes from his bank account: How this fraud led to a pan-India cyberfraud gang that uses victims' stolen phones to steal moneyAn 88-year-old Delhi man's stolen phone and Rs 70,000 in unauthorised transactions led Delhi Police to a pan-India cyberfraud syndicate ope...
- India sixth-largest economy at $3.92 trillion nominal GDP in FY26: GovernmentIndia's economy reached sixth globally with a $3.92 trillion GDP in 2025-26. Government strategies focus on agricultural productivity and m...
- Dubai property market enters selective phase as demand shifts; industrial, retail lead: ReportDubai's property market is entering a selective phase, with industrial rents rising significantly. Retail property also saw strong growth, ...
- EPFO Security Alert: 5 things EPF members must know to protect their account from online fraud
- Rent a boyfriend: Hyderabad police commissioner cautions women over dating scamCity Police Commissioner V C Sajjanar issued a stern warning to young women regarding social media 'rent boyfriend' offers. These schemes a...
- 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...
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