Bank frauds

News

BANK FRAUDS NEWS

sbi bank online transaction fraud complaint rbi rule consumer news

Bank fails to act after woman flags ‘cyber fraud’ in account, she wins Rs 1 lakh payout

August 10, 2026 2:17 pm

The commission noted that according to RBI guidelines, since the woman immediately reported the unauthorised transactions to the police and also filed a complaint within three days, the bank was required to refund the amount.

Ex-Panchkula civic chief Ram Kumar Singh not cooperating in IDFC Bank case: CBI

June 22, 2026 5:10 pm

The Central Bureau of Investigation informed a court that Ram Kumar Singh was confronted with a series of digital and documentary evidence linked to the alleged diversion of Rs 79.46-crore government funds.

IDFC First Bank, IDFC First Bank scam, IDFC First Bank fraud

IDFC Bank fraud: Haryana power utility's chief financial officer Amit Dewan dismissed for 'blatant corruption, gross misconduct'

May 04, 2026 12:26 pm

The probe into the alleged IDFC Bank scam found that Amit Dewan allegedly conspired with key accused to siphon government funds through multiple bank accounts.

New India Cooperative Bank, New India Cooperative Bank fraud

New India Cooperative Bank case: Mumbai court raps ex-officials, says plea for virtual appearance 'reeks of huge entitlement'

April 28, 2026 12:15 pm

The former chairperson and vice-chairperson of New India Cooperative Bank sought a stay on the proclamation against them, citing their inability to return to India due to a "hostile environment" and threats to their lives.

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.

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.

After Maharashtra cyber police was alerted about the scam, they began a probe and started looking through details of the various bank accounts where the money had been transferred.

Fraudsters used 6,500 bank accounts to split Rs 58 crore they cheated from 72-year old Mumbai share trader and his wife to avoid money getting tracked

October 17, 2025 4:45 pm

The official added that after withdrawing the money by cheque, they deposit the money in another account of the same bank which is unlinked to the other accounts and thus, is not traced by cops.

Digital arrest scam: Even as MHA, RBI act to curb cyber fraud, citizens lose over Rs 2,500 crore in 2 years

September 16, 2025 9:38 am

Banks, regulators race to contain rising scam

3 arrested for 'siphoning off' Rs 25.54 lakh from Chandigarh resident’s bank account

August 24, 2025 11:04 pm

So far, the police have secured a lien amount of Rs 5.43 lakh in the accused person's bank accounts

Following the ED’s affidavit, the special court ordered the restitution of immovable properties valued at Rs. 45.26 crore belonging to Sagar Suryawanshi Group to liquidator of Seva Vikas Co-operative Bank.

Seva Vikas Co-operative Bank fraud case: Depositors to get lost money after liquidation of former bank chairman's properties worth Rs 45 crore

August 23, 2025 11:32 am

On Friday, the ED said that an application under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) was moved by the liquidator of the co-operative bank before the special PMLA court.