Bank Frauds

Private lender Kotak Mahindra Bank has recorded the highest number of bank frauds in the Apr-Dec 2021 period The number of bank frauds in the country has drastically reduced from Rs 61,229 crore in 2016-17 to Rs 648 crore in the first…

SBI Warning To All Users: Uninstall These Apps Else You Will Lose All Your Money From Bank Accounts! The world is steadily shifting towards the complete digitization of services. Every service, be it food delivery, home repairs, hotel…

Alert For Bank Customers: Deposits Only Upto Rs 1 Lakh Is Insured, In Case Your Bank Shuts Down! The current financial year, with the onset of the country’s first female Finance Minister, has seen a lot of revisions in the way banks and…

CBI Raids 187 Locations To Uncover Rs 7000 Crore Bank Frauds; These Are The Banks Involved In Frauds In a massive move to check bank frauds, CBI launched raids at about 187 locations across the country, in order to unearth frauds…

Rs 32,000 Crore Frauds Across 18 Banks In 90 Days While common man losses their sleep when they forget to pay bills with small amount, some have the luxury to siphon crores from reputed Bank accounts in the country. As per the…

Online frauds and account are becoming more and more common these days. The good part of all these scams is that we get to learn more and more on how to be more protective and instinctive of our bank accounts and data from everything…

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…

Under the second tenure of Modi government, reforms have been introduced to curb tax evasion using data analytics. This is the first time since the launch of GST on July 1, 2017 that the Centre has started to match income tax returns…

As per Govt. of India records, 16% of all bank employees related frauds happen in ICICI Bank. This makes ICICI Bank employees as #1 in frauds, all over India. Being largest private bank of India, this is indeed a serious accomplishment.

Rumors are strong that banks (mainly public) will remain closed for 5 days in the first week of September. We try to find out the truth!