Axis Bank credit card users report fraud transactions
Axis Bank says unauthorised credit card transactions a 'malicious attempt' from certain merchants
Axis Bank says unauthorised credit card transactions a 'malicious attempt' from certain merchants
South Asia, mainly India, has the most firms with circular ownership concerns, finds Moody's Analytics.
The number of frauds in banks jumped to 14,483 during the April-September period of the current fiscal.
Defrauded money to the tune of ₹900 crore has been saved benefitting 3.5 lakh victims.
ICICI Bank sanctioned loans to companies in which two of its directors were also directors, says RBI.
Wilful defaulters will not be eligible for restructuring of the credit facility.
After latest framework on compromise settlements, technical write-offs, the RBI says it’ll not "dilute" earlier penal measures
Frauds in public sector banks were mainly in loan portfolios
AI-based apps can be used to disseminate fake news, scams, generate misinformation, create phishing messages, or produce deep fake texts, warns CERT-In
Terming platform fraud as a novel economic crime, the report says more than 26% of Indian organisations lost over $1 million due to platform fraud.