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SBI BANK FRAUD
SBI's improving performance warrants better valuation, chairman Setty says: ReportState Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He...- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Stocks in news: Adani Enterprises, Adani Energy, Hindustan Zinc, Maruti Suzuki, IDFC First BankVolatile trade likely as weak global cues keep sentiment cautious; analysts favour a sell-on-rise strategy until Nifty reclaims 23,700. Sto...
- 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 ...
- SBI asks over 52 crore customers to use alternate mediums to transact as staff call two-day strikeSBI customers are urged to use ATMs, customer service points, and online services like YONO and UPI. A two-day staff strike is planned for ...
- SBI staff threatens to go on two-day nationwide strike from May 25SBI staff, under the All India State Bank of India Staff Federation, are threatening a two-day nationwide strike from May 25 over demands i...
- 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...
- Rs 40 lakh return from Rs 22,000 investment? How ‘Quantum AI’ scam is misusing Nirmala Sitharaman’s name to lure investorsQuantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quantum AI' investment scheme. It promi...
- 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 ...
- Beyond KYC: Why digital trust needs real-time intelligenceAshok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across th...
- 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...
- SBI ATM fraud: Customer to get full refund with 10% interest from State Bank of India, orders Delhi State Consumer CommissionAfter an 11-year legal battle, an SBI customer has won a case against the bank for fraudulent ATM withdrawals. The Delhi State Consumer Com...
- Cyber fraud: Supreme Court orders SBI to refund full money lost in an online scam to its customerState Bank of India (SBI): A person from Assam fell victim to a cyber fraud when he tried to return a Louis Philippe blazer. However, inste...
- 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...
- Driver stole Rs 63 lakh from senior citizen's SBI a/c; NCDRC orders the bank to pay Rs 97 lakh as compensationState Bank of India (SBI): A driver managed to change SBI's net-banking access from 'view-only' to 'transaction' and prematurely broke the ...
- Corporate frauds see a massive surge: SBIThe April–November period this year recorded 200 times more frauds compared to entire FY18.
- 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 ...
- What happens to your money when your card is blocked after a data breachWhile there has been a proactive measure to protect customers, there are a few things you should be aware of when something of this magnitu...
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