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Tuesday, January 25, 2022

Bank frauds


Bank frauds jump 159% in 2019-20; PSBs account for Rs 1.48 lakh crore

August 26, 2020 11:18 am

According to the RBI, a major chunk of the frauds were reported on the advances front with 4,610 cases for Rs 1,82,051 crore, which works to around 98 per cent of the total value of frauds.

Govt soothes banks over harassment by CBI: ‘Won’t go after genuine decisions’

December 29, 2019 7:54 am

Notices will carry registration number, agency won’t take up suo motu cases.

Mumbai: Bank’s branch head, 5 others get life for faking documents to avail Rs 1.5 crore loan

April 27, 2019 8:17 am

The loan was disbursed to father-son duo Manoharlal and Amit by Bank of India’s Mandvi branch between 2000 and 2003 for business purposes and daily running of their partnership firm, Swift Service Lining.

Explained: How 100 frauds hit banks

November 07, 2018 7:20 am

CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors.

Extradition pleas pending, Sterling Biotech case key accused leaves UAE

September 24, 2018 6:55 am

It is in the Sterling Biotech case that the CBI has told the Central Vigilance Commission that it is probing its Special Director, Rakesh Asthana.

Punjab bank fraud case: Anticipatory bail plea of seven accused rejected by HC

August 27, 2018 12:52 am

Earlier, Chief Judicial Magistrate, Kapurthala, while taking serious note of the case, wrote to SSP, Kapurthala to produce the five accused —three AGMs and the SBI manager and the CA, who had failed to appear before the CJM court, Kapurthala thrice.

High-value frauds in PSBs fell by 30 per cent in FY18: Govt

August 08, 2018 1:53 am

The highest incidence of frauds involving Rs 1 lakh or more was observed at SBI, the country's largest bank.

White-collar crimes: President Kovind says relevant to ask if those auditing balance sheets have truly done their duty

July 01, 2018 5:41 pm

Referring to white-collar crimes, President Kovind also said that with such episodes, vulnerable citizens such as poor and the middle class or the retired could lose their savings.

Public sector banks hopeful of getting out of RBI's watchlist by 2020

June 26, 2018 6:23 pm

The banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh crore or 10.11 per cent of total advances at December-end 2017. Of the total gross NPAs, public sector banks accounted for Rs 7.77 lakh crore.

HDFC MD on banking frauds: 'Not a single bank run in country'

April 05, 2018 2:10 am

The HDFC MD said, "The faith of the common Indian in the Indian banking system is so great that despite all these things we have not heard of a single person saying I will take the money out of the system. I think that is a very positive aspect."