alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Banking frauds

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Indian banks have been under-reporting frauds: RBI

Friday, June 28, 2019, 8:55 AM

Bank-frauds numbers may not be startling, but the way they are reported is. In a staggering revelation indicating that Indian-banks have been under-reporting frauds, the RBI has revealed that 90.6% of the frauds reported by banks in 2018-19 occurred between 2000 to 2018. "The time-lag between the date of occurrence of a fraud and the date of its detection is significant," the RBI said.
News Image

Indian Bank Frauds Up, Will Continue Rising, Says Deloitte

Monday, November 26, 2018, 12:52 PM

Rounding off the year of India's biggest banking fraud on state-run Punjab National Bank (PNB), British professional services multinational Deloitte said such frauds will continue to rise with banks continuing to "lack a holistic anti-financial crime compliance programme". According to the third edition of Deloitte India Banking Fraud Survey released, about 84% of survey respondents pointed to a substantial rise in fraud incidents.
 
News Image

Nirav Modi Scam A Bygone, Says PNB Managing Director Sunil Mehta

Tuesday, October 2, 2018, 2:56 PM

State-run PNB is expected to turn profitable this fiscal year and is poised for growth, its managing director Sunil Mehta said, asserting that the Rs.14,000-crore Nirav Modi scam is a bygone. Mr Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.