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BANK FRAUDS STATISTICS
Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits upIndian funds in Swiss banks saw a decrease in 2025, reaching 3.25 billion Swiss francs. However, customer deposits experienced a significan...- RBI may soon make you wait an hour before your UPI transfers goes throughThe Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large trans...
- 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...
- RBI-led initiative to curb digital frauds gains momentum, banks roped in to set up DPIPTo combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligenc...
- Raise awareness about cyber frauds, intensify efforts to identify mule accounts: FSRA Reserve Bank report highlights the surge in cyber frauds amid increasing digital transactions, urging regulated entities to raise awarene...
- This 77-year-old widow lost $661,000 in tech scam. Know how scamsters commit fraudAccording to the FBI, US citizens in the age group of 60 and above lost $3.1 billion to cyber fraud in 2022, an 84% increase from 2021. The...
- Centre suspends 70 lakh mobile numbers due to suspicious activity, according to DFS SecretaryA meeting chaired by the Financial Services Secretary also deliberated on how to ensure better coordination among various agencies to check...
- Here is govt's big plan to stop online frauds in IndiaThe government is taking steps to combat cyber fraud in the financial sector by blocking IMEI and imposing withdrawal limits on suspicious ...
- Govt disconnects 70 lakh mobile numbers involved in financial frauds: DFS SecretaryTo check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financia...
- Finmin calls meeting of bankers, other senior officials to deal with digital payment fraudThe Finance Ministry has called a meeting to discuss steps to combat digital payment fraud and cyber security issues. The meeting, chaired ...
- Loans to ABG Shipyard turned NPAs prior to 2014: FM Nirmala Sitharaman"Banks've taken lesser than what is normally an average time to detect these kinds of frauds," Finance Minister Nirmala Sitharaman said.
- Cybersecurity startup 1Kosmos announces SIM binding to prevent online fraudThe technology will help organizations meet the RBI advisory on preventing internet retail banking fraud in India, the company, backed by F...
- 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...
- Government to strengthen surveillance, legal framework to check cybercrimeAs per data maintained by the National Crime Record Bureau (NCRB), total 5693, 9622 and 11592 cybercrime cases were registered in 2013, 201...
- Rs 2.22 lakh crore NPAs: CBI chief Anil Sinha suggests strong actionCBI Director favoured "strong action with surgical precision" to check banking frauds which has led to accumulation of NPA worth Rs 2.22 la...
- How to assess and monitor fraud risks in the banking sectorToday, assessing, improving, and monitoring fraud risks are key elements of an effective internal control structure.
- India logs 40 per cent annual increase in cyber crime casesIn 2013, a total of 28,481 Indian websites were hacked by various hacker groups spread across the globe. The number of hacking incidents we...
- Ministry of Corporate Affairs to share data of 10 lakh companies with regulators to check fraudData processed by MCA21 project will also be shared with RBI & Central Statistical Office for enabling estimation of the macro-economic agg...
- Mobile banking vulnerable to laundering, terror funding: RBIReserve Bank Governor D Subbarao today said mobile banking should be driven by banks, not telecom operators, considering money laundering a...
- RBI asks auditors to tighten reporting norms for NBFCsThe non-banking finance companies (NBFCs) are set to face stringent reporting norms by the Reserve Bank of India.
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