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RBI flage ‘lakhs’ of accounts used for fraud, evergreening

The Reserve Bank of India has raised an alarm over certain banks having ‘lakhs’ of accounts used for fraudulent transactions

RBI issued three revised master directions on fraud risk management for Regulated Entities such as commercial banks including regional rural

The Mumbai crime branch’s cyber police have arrested a 51-year-old painter from Ghatkopar for his alleged role in duping a

As part of its efforts to curb growing cyber fraud, the Reserve Bank is considering establishing a Digital India Trust

In the wake of continuing reports of customers falling prey to frauds being perpetrated in the name of know your

The government has registered over 26,250 cases of GST invoice fraud across the country, with the estimated amount detected pegged

In a major embarrassment for top insurance companies and intermediaries, such as banks and NBFCs that distribute policies, the Directorate

RBI is planning to set up a “fraud registry” to create a database of websites, phone numbers, email ID and

Punjab & Sind Bank has declared outstanding dues of SREI companies as fraud, it said in a notice to the

All high-street banks will jointly move the Reserve Bank of India (RBI) to urge a change in the sweeping definition