RBI Report: Bank frauds increased eight-fold in first half of current fiscal
5 days, 20 hours ago

RBI Report: Bank frauds increased eight-fold in first half of current fiscal

Deccan Chronicle  

New Delhi: Facing multiple challenges for the financial system in the country, the Reserve bank of India on Thursday said that the number of bank frauds witnessed a significant rise of eight-fold to Rs 21,367 crore in over 18,000 cases in the first half of the current fiscal. “The number of frauds during April-September stood at 18,461 involving Rs 21,367 crore compared to 14,480 cases involving Rs 2,623 crore in the comparative period of the last financial year, based on the date of fraud reporting,” the RBI said. “In terms of amount involved, however, public sector banks had the highest share of card and internet frauds was highest for all bank groups in 2023-24. Also, instances of penalty imposed on regulated entities increased during 2023- 24 across all bank groups, except foreign banks and small finance banks,” the report said.

Bank Report Rbi Banks Frauds  rs  report  202324  sector  current  bank  penalty  half  cases  fiscal  banks  increased  financial  eightfold  frauds  rbi

History of this topic

Govt proposes crackdown on unregulated lending, may ban loan apps and impose ₹1 crore penalty, 10-year jail term
1 week, 3 days ago

Govt proposes crackdown on unregulated lending, may ban loan apps and impose ₹1 crore penalty, 10-year jail term

Hindustan Times  

The central government is planning to crack down on unregulated lending, for which it has introduced a draft bill, proposing stringent measures like 10 years of prison time along with heavy fines for violators, according to a Business Standard report. These measures were first suggested by the Reserve Bank of India’s Working Group on Digital Lending in its its November …

RBI fines IndusInd Bank ₹27 lakh over non-compliance
1 week, 4 days ago

RBI fines IndusInd Bank ₹27 lakh over non-compliance

Live Mint  

The Reserve Bank of India imposes a penalty of ₹27 lakh on IndusInd Bank for not complying with norms. “The Reserve Bank of India has, by an order dated December 18, 2024, imposed a monetary penalty of ₹27.30 lakh on IndusInd Bank Ltd. for non-compliance with certain provisions of ‘Reserve Bank of India Directions, 2016’,”the central bank said in statement …

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts
2 weeks, 2 days ago

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts

India TV News  

The Gujarat police have succeeded in exposing an elaborate so-called underground network that had run several accounts for parking cyber fraud money and arrested eight individuals. The inspection of 42 out of approximately 200 suspect bank accounts revealed an astonishing amount, which is around Rs 50 crore deposited from cyber scam victims. The admission of the principal accused in Ahmedabad …

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports
3 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle  

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

India lost over ₹11,000 crore to cyber scams in first 9 months of 2024: Report
1 month ago

India lost over ₹11,000 crore to cyber scams in first 9 months of 2024: Report

Hindustan Times  

India has endured a loss of around ₹11,333 crore to cyber scams in the first nine months of 2024, said a recent report. Stock trading frauds caused the maximum amount of loss, ₹ 4,636 crore from over 2 lakh complaints. Meanwhile, cases of digital arrests, which authorities have seen an uptick in, caused a loss of ₹1,616 crore from around …

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police
1 month, 2 weeks ago

Rs 111 crore, 623 bank A/Cs, 25 arrests: The cyber-fraud that stunned Surat police

India Today  

The Surat police have busted a major gang laundering money extorted from victims of ‘digital arrest’ around the country and even overseas. The police detected that lakhs of money parted with by cyber-fraud victims were first landing in a ‘mule account’, functional on ‘rooted devices’ operated from outside India. From Mota Varachha and Sarthana areas of Surat, the police recovered …

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming
3 months, 2 weeks ago

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming

The Hindu  

Goods and Services Tax sleuths detected taxevasion worth almost ₹82,000 crore by 78 real money online gaming firms in 2023-24, but that translated into a voluntary recovery of just ₹53 crore. The online gaming industry is reckoned to have evaded the highest GST levies last year, even as overall detection of indirect tax evasion surged to almost ₹2.02 lakh crore, …

RBI imposes monetary penalty on Axis Bank and HDFC Bank—here’s why
3 months, 3 weeks ago

RBI imposes monetary penalty on Axis Bank and HDFC Bank—here’s why

New Indian Express  

The Reserve Bank of India has imposed a Rs 2.91 crore penalty on Axis Bank and HDFC Bank for failing to comply with regulatory standards. Meanwhile, HDFC Bank has been fined Rs 1 crore for non-compliance with directions related to interest rates, customer service practices, and the use of recovery agents. The RBI’s supervisory evaluation of Axis Bank, assessing its …

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case
4 months, 1 week ago

Telangana Cybercrime Police Arrest Two in ₹175 Crore Fraud Case

Deccan Chronicle  

Telangana Cybercrime officials have arrested two individuals involved in a massive ₹175 crore fraud. The investigation was initiated after the Cyber Security Bureau's data analysis team flagged numerous complaints reported on the National Cybercrime Reporting Portal against six bank accounts in the State Bank of India Shamsheergunj branch. The investigation linked approximately 600 complaints to these accounts.The primary suspect, operating …

Cyber Scams In FY24: Rs 177 Cr Lost Due To ATM/Credit Card, Internet Banking Frauds In India
4 months, 3 weeks ago

Cyber Scams In FY24: Rs 177 Cr Lost Due To ATM/Credit Card, Internet Banking Frauds In India

News 18  

There has been a significant increase in banking frauds in India. A customer need not bear any loss if the deficiency is on the part of the bank and in cases, where the fault lies neither with the bank nor with the customer but lies elsewhere in the system and the customer notifies the bank within three working days of …

Fraudulent transactions at IndusInd bank: ₹32.89 crore of ₹40 crore recovered
5 months ago

Fraudulent transactions at IndusInd bank: ₹32.89 crore of ₹40 crore recovered

Hindustan Times  

MUMBAI: Maharashtra Cyber on Friday said that they could recover ₹32.89 crore out of the ₹40 crore allegedly fraudulently transferred from IndusInd Bank to 20 different mule accounts. The frauds managed to withdraw ₹ 4.24 crore from various ATMs, Representative Image After the Bandra Kurla Complex branch of the IndusInd bank got wind of the fraudulent transactions, it alerted the …

8,231 online false job promise cases reported in Karnataka since 2020
5 months, 1 week ago

8,231 online false job promise cases reported in Karnataka since 2020

The Hindu  

A total of 8,231 cases of online false job promises has been reported in Karnataka since 2020, cheating people of a whopping ₹566.97 crore of which just about ₹69.4 crore has been recovered. While 394 cases involving ₹5.67 crore was reported in 2020, it has seen a jump in 2023 with people losing ₹347.7 crore in 4,470 cases. The government …

Bank fraud allegations must never be levelled lightly
5 months, 2 weeks ago

Bank fraud allegations must never be levelled lightly

Live Mint  

The Reserve Bank of India’s latest revision of its Master Circular on Fraud Risk Management in banks and other regulated entities has not come a day too soon. This revision of instructions follows a recent Supreme Court ruling which said the principles of natural justice demand that the borrower be given a chance and time to respond to a charge …

RBI asks lenders to hear out loan defaulters before tagging accounts as ‘fraud’; check revised norms
5 months, 2 weeks ago

RBI asks lenders to hear out loan defaulters before tagging accounts as ‘fraud’; check revised norms

Live Mint  

The Reserve Bank of India on Monday, July 15, asked banks and other financial institutions to give defaulting borrowers adequate time before they are classified as “fraud accounts". The banks now have to issue show-cause notices to fraudulent account holders which will have the full details of the fraud, said the RBI in a release. The change in the current …

RBI alarmed at lakhs of bank accounts being used for fraud: Report
5 months, 3 weeks ago

RBI alarmed at lakhs of bank accounts being used for fraud: Report

Live Mint  

The Reserve Bank of India expressed its surprise at some banks having lakhs of accounts that are used for fraudulent transactions and evergreening loans, reported Business Standard. We found certain banks having lakhs of such accounts with apparently no valid reason,” RBI Deputy Governor Swaminathan J said on Tuesday in his address to banks, with chief financial officers and auditors …

180 bank accounts under scanner, staff arrested
5 months, 3 weeks ago

180 bank accounts under scanner, staff arrested

Hindustan Times  

At least 180 bank accounts, most of them corporate, are under scrutiny following the arrest of Rahul Kumar, a deputy manager at the State Bank of India, for his alleged involvement in a cyber fraud scheme, police said on Monday. Police reported that ₹ 3.32 crore was transacted from this account between May and June, with the funds originating from …

Kochi City police warn of surge in online fraud; 400 cases accounting for ₹25 crore registered in six months
5 months, 4 weeks ago

Kochi City police warn of surge in online fraud; 400 cases accounting for ₹25 crore registered in six months

The Hindu  

Half way into the year, the Kochi City police have already registered around 400 cases related to online fraud stripping victims of around ₹25 crore. Four such cases, accounting for nearly ₹22 crore, of cheating four high-net-worth-individuals were reported in the last couple of months at Infopark, Maradu, Ernakulam Town North, and Ernakulam Central police stations. However, the biggest red …

RBI warns banks of cyberattacks, scheduled commercial banks at highest risk
6 months ago

RBI warns banks of cyberattacks, scheduled commercial banks at highest risk

Hindustan Times  

Banks across India are on high alert with the Reserve Bank of India announcing possible cyber attacks, the Economic Times reported, adding that the banks have been told to constantly monitor their systems like SWIFT, the card network, RTGS, NEFT and UPI. The financial sector reported more than 20,000 cyber attacks in the last 20 years, resulting in losses of …

Indians report nearly 800 online financial fraud cases a day, are you protected? Report
6 months ago

Indians report nearly 800 online financial fraud cases a day, are you protected? Report

Hindustan Times  

Nearly 800 online financial frauds are reported in India every day, the Times of India reported. While the Reserve Bank of India had reported 29,082 card & digital payment fraud cases with each worth above ₹1 lakh in the financial year 2023-24, the actual number goes up to about 2.9 lakh cases for the year, or 800 cases a day, …

RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh fine on Bangladesh's Sonali Bank
6 months, 2 weeks ago

RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh fine on Bangladesh's Sonali Bank

Hindustan Times  

The Reserve Bank of India imposed a fine of ₹1.45 crore on the Central Bank of India and ₹96.4 lakh on Sonali Bank PLC for non-compliance issues including loans and advances and Know Your Customer norms, PTI reported. Representational The Central Bank of India was fined ₹1.45 crore for sanctioning a working capital demand loan to a corporation against amounts …

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud
7 months, 2 weeks ago

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud

Hindustan Times  

The Central Bureau of Investigation has arrested Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd, in connection with the ₹35,000 crore fraud with a consortium of 17 banks led by Union Bank of India, people familiar with the development said. The Wadhawan brothers were arrested by CBI on July 19, 2022, but on December 3 same year, a trial court …

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds
8 months, 2 weeks ago

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds

Hindustan Times  

Union finance ministry may propose stricter measures to protect citizens from cyber fraud, it was reported. This comes after an increase in incidents of frauds, including the Bank of Baroda World app scam, the Times of India reported citing sources who “mentioned a recent inter-ministerial meeting focused on bolstering cybersecurity and tackling financial fraud”, it noted. In October 2023, the …

Spurt in cybercrimes sees Telangana citizens lose ₹150 crore in one month
8 months, 3 weeks ago

Spurt in cybercrimes sees Telangana citizens lose ₹150 crore in one month

The Hindu  

Citizens in Telangana lost ₹150 crore to cyber criminals in 10,135 cases in March alone, data shared by the officials at Telangana State Cyber Security Bureau shows. “IT professionals constitute over 70% of the targets for fraudsters particularly for business and investment, part time jobs and stock trading frauds,” the official said. 26.28% of the total complaints filed pertained to …

Telangana lost ₹157 crore to cyber criminals in February
9 months, 3 weeks ago

Telangana lost ₹157 crore to cyber criminals in February

The Hindu  

Citizens of Telangana lost ₹157 crore to cyber criminals in February 2024. Identity theft, particularly credit/debit card frauds, Aadhaar Enabled Payment System frauds, fake customer care service frauds impersonating parcel delivery companies like FedEx, Blue Dart and banks and income tax frauds, topped the list with 3,143 cases. A businessman from Kukatpally lost ₹55 crore after joining a WhatsApp group …

‘Banks need to finetune systems to curb fraud’
11 months, 1 week ago

‘Banks need to finetune systems to curb fraud’

The Hindu  

Though the Indian banking sector has undergone phase-wise reforms over the past few decades, the banks have to finetune their systems to curb the incidence of frauds in the sector, W.K. He was delivering the inaugural address at the two-day national conference on ‘Financial Sector Reforms in India’ organised by Gulbarga University here on Friday. Prof. Sarwade claimed that the …

RBI imposes fine on 3 banks for non-compliances, check details
11 months, 2 weeks ago

RBI imposes fine on 3 banks for non-compliances, check details

Live Mint  

The Reserve Bank of India on 12 January imposed monetary penalties, of varying degrees, against ESAF Small Finance Bank, Dhanlaxmi Bank, and Punjab and Sind Bank over various non-compliances. A penalty of ₹1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances – Statutory and Other Restrictions', KYC, and certain norms related to …

Govt plans to introduce 4-hour window to reverse online payments above ₹2,000
1 year, 1 month ago

Govt plans to introduce 4-hour window to reverse online payments above ₹2,000

Live Mint  

In a bid to combat online payment frauds, the government is reportedly mulling over introducing maximum time for first-time transactions between two users for a digital payment. The proposed measure would cover not just include Unified Payments Interface but also other digital payment methods such as Immediate Payment Service and Real Time Gross Settlement, the report added. This year, the …

RBI penalises ₹10.34 crore on Citibank, BoB, IOB for non-compliance
1 year, 1 month ago

RBI penalises ₹10.34 crore on Citibank, BoB, IOB for non-compliance

Hindustan Times  

The Reserve Bank on Friday imposed penalties totalling ₹10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of ₹5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services, the RBI …

Online financial fraud value ballooned between 2002-2023: Govt tells Parl panel
1 year, 2 months ago

Online financial fraud value ballooned between 2002-2023: Govt tells Parl panel

Hindustan Times  

The value of online financial frauds ballooned from ₹2296 crore in 2022 to ₹5574 crore in 2023, the Union home ministry has informed the Parliamentary Standing Committee on Communications and Information Technology. IT secretary S Krishnan, National Informatics Centre deputy director general Deepak Goel and officials from Reserve Bank of India, National Payments Corporation of India, Punjab National Bank, and …

₹16,180 crore siphoned off after hacking of payment gateway company account; Thane police register FIR
1 year, 2 months ago

₹16,180 crore siphoned off after hacking of payment gateway company account; Thane police register FIR

The Hindu  

A group of persons allegedly hacked into a payment gateway service provider company’s account and siphoned off funds worth over ₹16,180 crore from different bank accounts over a period of time, the Thane police said. The fraud was taking place since long and came to light following a complaint lodged with Srinagar police station in Maharashtra’s Thane city of hacking …

Police register FIR after Rs 16,180 crore hacked from payment gateway company account
1 year, 2 months ago

Police register FIR after Rs 16,180 crore hacked from payment gateway company account

India TV News  

At least Rs 16,180 crore was taken from different bank accounts over a period of time after a group of persons allegedly hacked into a payment gateway service provider company's account, Thane Police said on Sunday. The fraud was taking place since long and came to light following a complaint lodged with Srinagar police station in Maharashtra's Thane city of …

CBI searches premises of firm in ₹3,847.58-crore cheating case
1 year, 3 months ago

CBI searches premises of firm in ₹3,847.58-crore cheating case

Hindustan Times  

The Central Bureau of Investigation on Saturday carried out searches at four premises linked to a city-based firm and four of its promoters, who are accused of cheating a consortium of banks, led by State Bank of India, of ₹3,847.58 crore. The bank has alleged that the firm, Unity Infraprojects Limited, allegedly diverted the loan money it had obtained from …

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore
1 year, 6 months ago

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore

India TV News  

The Central Bureau of Investigation filed an FIR against Delhi-based company Horizon Solution for allegedly cheating Union Bank of India to the tune of over Rs 46 crore in a loan fraud, officials said on Friday. The CBI has booked the East of Kailash-based company, its proprietor Zeba Urfi and guarantor Zaib Un Nisa on charges of criminal conspiracy, cheating, …

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr
1 year, 6 months ago

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr

India TV News  

New Delhi: The Central Bureau of Investigation has filed a case against IL&FS Transportation Network Ltd and its directors for allegedly defrauding 19 banks of Rs 6,524 crore between 2016 and 2018, officials said on Friday. The accused persons are white colour criminals and very well know the intricacies of the law and know to save themselves from the clutches …

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium
1 year, 7 months ago

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium

Hindustan Times  

Mumbai: The Central Bureau of Investigation recently registered a case against a Raigad-based steel processing firm and its directors for allegedly causing a loss of ₹1,017.93 crore to a State Bank of India -led bank consortium in the form of unpaid loans. The SBI, which is the complainant in the case, alleged that the firm had siphoned off a portion …

57% of all fraud incidents in India are ‘platform’ frauds: PwC India
1 year, 7 months ago

57% of all fraud incidents in India are ‘platform’ frauds: PwC India

The Hindu  

More than half of all fraud incidents in India were 'platform' fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and finTech platforms, said a PricewaterhouseCoopers Private Limited India report on May 11. The onset of the pandemic has led to an increase in platform fraud, said the second edition of PwC’s …

Nuh Big Deal: Rs 100-Crore Cyber Frauds Unearthed, 28,000 Lose Money to Job Offers, Sextortion
1 year, 7 months ago

Nuh Big Deal: Rs 100-Crore Cyber Frauds Unearthed, 28,000 Lose Money to Job Offers, Sextortion

News 18  

Nuh in Haryana has emerged as the latest epicentre of cyber frauds in the country, with a special drive by police unearthing cyber frauds worth over Rs 100 crore involving more than 28,000 people across states and union territories. The Haryana Police claimed to have busted a major gang that used to cheat people across the country with fake SIMs, …

ED searches 14 premises including BSE-listed company in Power Bank app fraud case
1 year, 9 months ago

ED searches 14 premises including BSE-listed company in Power Bank app fraud case

India Today  

The Enforcement Directorate conducted searches at 14 premises pertaining to Sagar Diamond Limited, a BSE listed company, RHC Global Exports Limited, their director Vaibhav Dipak Shah and their associates in Surat SEZ, Ahmedabad and Mumbai in the Power Bank App fraud case. During the search, cash worth 25 lakh, gold, diamonds and other valuables amounting to Rs 10 crore, digital …

Over 95% organisations in India fall prey to 'new fraud' incidents in past 2-years: Survey
2 years, 1 month ago

Over 95% organisations in India fall prey to 'new fraud' incidents in past 2-years: Survey

India TV News  

A study conducted by PwC Survey found that over 95 per cent of organisations in India have experienced new types of fraud incidents in the past two years. Side-effect of digitalization "These in turn have led to new incidents of fraud: 52 per cent of Indian companies experienced fraud or economic crime in the last 24 months and an overwhelming …

Indian banking sector at forefront of cyber-attacks: What are major threats and way ahead
2 years, 1 month ago

Indian banking sector at forefront of cyber-attacks: What are major threats and way ahead

Firstpost  

The government data establish the sharp rise in attacks on the banking and financial sector. Between June 2018 and March 2022, India’s banks recorded 248 successful data breaches by hackers and criminals, central government notified Parliament on 2 August Ahead of Diwali, Uttar Pradesh cyber police arrested techies and a former bank employee involved in a Rs 145 crore illegal …

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders
2 years, 4 months ago

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders

News 18  

The Enforcement Directorate recently attached assets worth Rs 415 crore of Maharashtra’s two builders in relation to the Yes Bank-DHFL bank loan fraud-linked money laundering case. The DHFL scam is India’s biggest financial fraud involving Rs 34,000 crore, in which a total of 17 banks have been defrauded by this home loan provider. Here’re four biggest financial scams in India: …

42% Indians Faced Financial Fraud In Last 3 Years; Only 17% Got Funds Back: Survey
2 years, 4 months ago

42% Indians Faced Financial Fraud In Last 3 Years; Only 17% Got Funds Back: Survey

News 18  

Even as more and more people are using the digital mode of payments irrespective of the transfer amount, the risk of financial fraud is also rising. According to a survey conducted by LocalCircles, about 42 per cent Indians said they or someone in their family have been a victim of financial fraud in the past three years. On an aggregate …

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country
2 years, 6 months ago

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country

Firstpost  

Former promoters of Dewan Housing Finance Ltd are among 13 accused who have been arrested for defrauding a consortium of 17 banks of Rs 34,615 crore The CBI has booked former CMD Kapil Wadhawan and director Dheeraj Wadhawan of Dewan Housing Finance Ltd in the “biggest” banking fraud in India. The audit of DHFL account books showed that the company …

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case
2 years, 6 months ago

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case

News 18  

As the Central Bureau of Investigation has filed a new case against earstwhile DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for Rs 34,615 crore, it has become the biggest bank fraud case registered by the agency. The agency booked the Dewan Housing Finance Corporation Ltd, Kapil Wadhawan, …

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud
2 years, 6 months ago

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud

The Hindu  

The Central Bureau of Investigation has booked the Dewan Housing Finance Corporation Limited, its promoters and others for allegedly cheating a consortium of 17 banks to the tune of ₹34,615 crore. A total of 66 entities — which were inter-connected and involved individuals linked to DHFL promoter entities — were extended loans and advances of over ₹29,100 crore, against which …

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore
2 years, 6 months ago

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore

India Today  

The Central Bureau of Investigation is conducting searches in Maharashtra at 12 locations at premises linked to DHFL, its promoters Kapil Wadhawan, Dheeraj Wadhawan, businessman Sudhakar Shetty and others in connection with a Rs 34,614 crore bank fraud case. According to the FIR, Dewan Housing Finance Corporation Limited, its then Chief Managing Director Kapil Wadhawan, then Director Dheeraj Wadhawan, businessman …

CBI books DHFL’s Kapil, Dheeraj Wadhawan in ₹34,000 crore case, conducts raids
2 years, 6 months ago

CBI books DHFL’s Kapil, Dheeraj Wadhawan in ₹34,000 crore case, conducts raids

Hindustan Times  

The Central Bureau of Investigation on Wednesday raided 12 locations in Mumbai after booking Dewan Housing and Finance Limited ’s Kapil and Dheeraj Wadhawan for allegedly cheating a consortium of Union Bank of India-led 17 banks of ₹ 34,615 crore. According to the Union Bank of India’s complaint to the CBI cited in the FIR, a special review was carried …

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case
2 years, 6 months ago

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation, or CBI has filed a new case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, officials said on Wednesday, June 22. The case has been registered against the two Dewan Housing Finance Corporation Ltd or DHFL promoters for cheating a consortium of 17 banks led by the Union Bank of India to the tune of …

Private Banks See Most Frauds in FY22; Govt Banks Contribute Highest Amount: RBI Data
2 years, 7 months ago

Private Banks See Most Frauds in FY22; Govt Banks Contribute Highest Amount: RBI Data

News 18  

Private sector banks witnessed the most number of frauds in 2021-22, while public sector banks contributed the highest in terms of fraud value, according to the Reserve Bank of India’s Annual Report 2021-22. “An assessment of bank group-wise fraud cases over the last three years indicates that while private sector banks reported maximum number of frauds, public sector banks contributed …

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