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SUSPECTED BANK FRAUD NETWORK
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-...
- 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...
- GFF 2026: Why agentic AI is becoming a key theme for financial servicesAgentic AI is emerging as a key technology for financial services. These systems can assess situations and carry out workflows independentl...
- 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,...
- STF Assam seizes over 10 kg suspected heroin worth Rs 80 crore in Guwahati; one apprehendedThe Assam Special Task Force successfully captured Hardeep Singh in Guwahati after tracing him from Ludhiana, Punjab. Authorities seized mo...
- A $67 bn tariff trail leads the US to India over China trade. Where's the proof?The White House has placed India among countries at highest risk of being used to circumvent US tariffs on Chinese goods, citing an estimat...
- 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...
- Police arrest five people printing fake Rs 500 notes out of a private bungalow in MaharashtraPolice busted a counterfeit currency unit in Nashik, arresting five alleged gang members. Specialized chemicals were allegedly used to manu...
- 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...
- UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament PanelA parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlemen...
- 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...
- US visa fraud: Andhra man admits to faking Rs 1.2 crore net worth, degree, and job for US EmbassyDelhi Police registered an FIR against a 25-year-old man from Andhra Pradesh. He allegedly submitted forged education and employment docume...
- 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...
- Motor insurance bills could feel the pinch as insurers crack down on third-party fraudMotor insurers are intensifying efforts to curb third-party claim fraud as rising court awards and more uninsured vehicles increase pressur...
- Colombo Port city comes into focus as transnational crime networks surfaceSri Lanka faces growing concerns as a potential hub for Chinese cybercrime networks. A recent murder of a Chinese national highlights these...
- UPI to remain free for consumers, says Payments Council of IndiaThe Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...
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