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FRAUDULENT DEFAULT
IRCTC sets new records in online ticket booking, blocks 3 crore suspicious IDs in 2025-26IRCTC intensified anti-fraud measures in 2025, deactivating 3.03 crore suspicious user IDs and blocking 13,343 email domains. The corporati...- ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud caseReal estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fra...
- Insurance companies see a growth path in ecommerce, fintech embedded modelsEmbedded insurance is expanding in ecommerce and fintech, with payment and online retail platforms bundling protection for merchants. Start...
- 'Cash rain' during ED raids in Punjab's Mohali, bags filled with Rs 500 notes thrown from luxury high-rise leaves morning walkers shockedDuring an Enforcement Directorate raid in Mohali, individuals in a luxury high-rise threw bags of cash from a ninth-floor window. The incid...
- Bombay HC quashes FIR against Sashidhar Jagdishan, calls it ‘abuse of criminal process’The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast...
- HC quashes Lilavati Trust's bribery case against HDFC Bank CEOThe Bombay High Court has dismissed a bribery case against HDFC Bank MD Sashidhar Jagdishan. The court ruled the complaint was a reaction t...
- Preserving your crypto wealth: The definitive seven step security auditDigital asset investors face significant risks due to operational negligence, with billions lost to security incidents. This article outlin...
- 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 ...
- From trusted persons to kill switch: 6 ways how RBI is planning to safeguard your online paymentsAmidst rising online fraud, the RBI proposes enhanced digital payment security. Key measures include a one-hour wait for new payees and hig...
- 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 issues new circular, says lenders must hear loan defaulters before declaring accounts 'fraud'The Reserve Bank of India has directed banks to provide defaulting borrowers with a minimum of 21 days to respond before classifying their ...
- Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'. S...
- RBI to recast rules on classification of fraudulent accountsThe norms will largely be in line with the central bank's notification on wilful defaulters. Those norms provide for a personal hearing bef...
- Religare Enterprises, Religare Finvest settle case with Sebi; pay Rs 10.5 croreSebi had received complaints alleging financial mismanagement and diversion of funds primarily in RFL, a subsidiary of REL which is a liste...
- CBI registers FIR against Bhushan Power & Steels LimitedThe searches were carried out at multiple locations in a number of cities, including the Delhi-NCR, Chandigarh and Kolkata.
- Parliamentary panel for stringent punishment to deal with unregulated deposit schemesThe bill proposes to ban deposit takers from promoting, operating, issuing advertisements or accepting deposits in any unregulated deposit ...
- Duped in UK, PNB in legal battle to recover $37 millionThe bank claims false and exaggerated projections and balance sheets and false representations about the status of projects were made to ob...
- Government proposes stringent law to check ponzi, unregulated depositsThe Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill,...
- 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 ...
- Group can't be penalised for arm's actionTHE RBI has said a corporate group cannot be penalised by being termed a wilful defaulter for defaults of a group firm unless other compani...
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