Customer funds are misappropriated by taking advantage of various weaknesses and gaps in our financial system. It is an attempt to shed light on the numerous banking fraud cases and related issues that contribute to the accumulation of NPAs. According to RBI report, both the number (...
The article describes the PMC bank fraud case details. It includes the discussion on PMC bank, the Reserve bank of India, and Housing development and infrastructure limited.
NEW DELHI, March 19 (Xinhua) -- Indian authorities have seized a solar power plant and some 134 acres of land belonging to billionaire jeweller Nirav Modi in connection with the country's biggest-ever bank fraud of 1.8 billion U.S. dollars. "The Enforcement Directorate took possession of ...
the technology solutions available and how to integrate forensic approach to combat bank frauds in the Indian banking industry.Results: The present study indicates there is limited separation of duties, false documentation, and inadequate or nonexistent control account for 60% of the fraud cases. It...
it has also caused a considerable amount of concern regarding the security of transactions conducted in this manner. Although laws designed to preventFraudin traditional banking also apply to electronic banking, identifying individuals engaged in fraud can be more difficult when electronic transactions are...
The Courts are in this manner hesitant to give an order anticipating installment or meddling with the risk of the bank to pay the sum due on the certification. The Courts have separated out two special cases to the general control of non-impedance by the Courts, in particular: (i) fraud ...
NEW DELHI, March 1 (Xinhua) -- Disgraced billionaire jeweller Nirav Modi, a key accused in India's biggest-ever bank fraud of 1.8 billion U.S. dollars, has reportedly given a "concrete proposal" to state-owned Punjab National Bank to refund the money. In a letter to the bank, Modi ...
The Reserve Bank of India Governor has announced the establishment of a digital payments intelligence platform to address digital payment fraud in India. fraud prevention, digital payments, data sharing, banks Fi secures NBFC licence from RBI News | Payments General | 01 May 2024 Neobank start...
SecurityYour debit card or account is more susceptible to fraud or theft if it has a high withdrawal limit. Restricting withdrawals helps to reduce possible losses in the event that your card is misused. Cash Management for ATMs:The amount of cash that ATMs can store is limited. Limits guaran...
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