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Mumbai CBI court sentenced seven people in an Rs 8.64 crore bank fraud case involving fake letters of credit and courier interception.

500 fake bank letterheads, couriers: CBI court sentences 7 in Rs 8.64 crore Mumbai bank fraud using fake SBI verification

May 02, 2026 11:07 am

The case dates back to May 2010, when an SBI assistant manager filed a complaint with the CBI over an alleged fraud at Punjab National Bank's Solapur branch.

How bank staff orchestrated a Rs 4.74 lakh pre-approved loan fraud in Gurgaon

April 28, 2026 2:11 pm

Police bust racket involving Deputy Manager of RBL Bank and Axis Bank employee; four arrested so far

RBI kill switch digital payments proposal aims to strengthen user security (Image generated using AI)

RBI proposes 'Kill Switch' to secure digital payments: What it means

April 12, 2026 7:48 pm

RBI ‘Kill Switch’ Digital Payments Security News: RBI proposes a ‘Kill Switch’ feature to secure digital payments. Know what it means, how it works, and how it can help prevent fraud.

RBI proposes delay for high-value transfers (Reuters Photo/File)

Why RBI proposes 1-hour delay for digital payments above Rs 10,000

April 12, 2026 4:55 pm

RBI Digital Payment Rule Update: RBI proposes a 1-hour delay for digital transactions above Rs 10,000 to curb fraud. Check why the rule is suggested.

Rs 150-crore fraud: Kotak Mahindra Bank deputy V-P Pushpender Singh surrenders in Panchkula case

April 09, 2026 4:07 am

The case related to the Panchkula Municipal Corporation surfaced just weeks after the Rs 590‑crore IDFC First Bank fraud, underscoring the scale of financial irregularities being uncovered in Haryana.

Rs 590-crore IDFC First Bank fraud case: How an AU Bank regional head 'aided' key accused, pocketed Rs 10 crore

March 23, 2026 4:12 pm

Arun Sharma, the former regional head at AU Small Finance Bank, was arrested on March 6 this year in connection with the IDFC First Bank fraud case.

Jai Anmol Anil Ambani with his father industrialist Anil Ambani.

Jai Anmol Ambani questioned by CBI for 6 hours in Rs 228-crore bank fraud case

March 13, 2026 6:32 pm

According to the agency, RHFL had availed loans worth Rs 5,572.35 crore from 18 financial institutions, including Union Bank of India (erstwhile Andhra Bank).

Octogenarian with cancer targeted in digital arrest scam, loses Rs 1.27 crore

March 03, 2026 10:33 pm

The complainant is a cancer patient and has been undergoing treatment at a well known hospital in Pune, officials said.

kerala high court cooperative bank scam kandala

‘Threat to economy’: Why Kerala High Court refused bail to former co-operative bank chief in ‘Rs 101 crore scam’

March 03, 2026 9:07 am

The case arises from a 2024 case registered in Thiruvananthapuram against N Basurangan and 16 others, including former secretaries and board members of the Kandala Service Co-operative Bank, the Kerala High Court noted.

On Sunday, the bank disclosed that it had detected a suspected fraud of approximately Rs. 590 crore at its Chandigarh branch, linked to a cluster of accounts linked to the Haryana Government.

IDFC Rs. 590 crore fraud case: Anybody found guilty will not be spared, Haryana CM Nayab Singh tells House

February 23, 2026 4:34 pm

On Sunday, IDFC First Bank disclosed that it had detected a suspected fraud of approximately Rs. 590 crore at its Chandigarh branch, linked to a cluster of accounts linked to the Haryana Government.