fraud Archives - Banking Finance - News, Articles, Statistics, Banking Exams, Banking Magazine

Insurers, banks accused of Rs. 800 crore GST fraud

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

The CBI has filed an FIR against a Gujarat-based shipping firm and its directors for allegedly duping a consortium of

Indian Bank has reported a fraud of more than Rs 33 crore to the Reserve Bank, involving two of its

Indian Bank has recently said that it has declared the NPA account of Saravana Stores as fraud. Nature of the

The Simbhaoli Group – which is under probe for cheating the Oriental Bank of Commerce of Rs 109.08 crore –

There have been reports in the media that in the wake of fraud involving a sum of USD 1.77 billion