Bank Frauds In India

HDFC deducted Rs 56,763 from a customer's account to cover a claimed debt on a credit card that was neither authorised nor used! HDFC Bank is always on the headlines and this time the case has happened in the HDFC Gurguram branch. In…

The bank will use blockchain technology to solve a key issue in traditional banking: the processing of Letters of Credit (LCs), GST invoices, and e-way bills. Banks in India are collaborating to use blockchain technology to solve a…

Banks Will Not Open New Accounts For These Customers; RBI Enforces 'Discipline'? The Reserve Bank of India (RBI) has set some new conditions for the banks to opening current accounts for large borrowers with a view to enhance credit…

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

In a Right to Information reply, RBI has revealed some dark secrets of banking frauds, and the sheer volume will shock you. As per the reply shared by RBI, collectively Rs 1 lakh crore worth of banking frauds have happened in India, in the…