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Data analytics major SAS has created a new division to help organisations fight frauds and cyber crimes.

Master thieves and ever susceptible Indian banks

CVC dissects modus operandi and loopholes in 47-page study of top 100 bank frauds.

22 Oct 2018 4:03 AM

Nirav Modi and (right) Vijay Mallya, prominent white-collar scamsters in recent times

CVC analyses top 100 bank frauds, shares report with RBI, ED and CBI

The analysis focused on modus operandi, amount involved, type of lending, anomalies observed and loopholes facilitating...

16 Oct 2018 12:58 PM

The court was hearing an appeal against non-registration of a divorce application on grounds that one of the parties was away in the US and did not present herself in court to file her consent.

Govt notifies rules to operationalise fugitive economic offenders law

The Fugitive Economic Offenders Ordinance, 2018, is aimed at deterring economic offenders from evading the process of...

29 April 2018 8:02 AM

RBI governor Urjit Patel

Parliamentary panel calls Urjit Patel to answer queries on bank scams

Patel had recently said that the RBI doesn't have adequate powers to deal with pubic sector banks.

17 April 2018 9:49 AM

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Govt preparing action plan to recover revenues from likes of Mallya

CBDT has formed a committee to study these cases and prepare an action plan.

6 April 2018 7:10 AM

Supreme Court

Aadhaar not a solution for all frauds, says Supreme Court

SC said Aadhaar is not a catch for all frauds and may not be a solution to all the ills, and, in particular, Bank...

5 April 2018 3:46 PM

The President said that under MUDRA scheme, about 117 million loans have been sanctioned and close to 88 million of them have gone to women entrepreneurs.

Honest citizens bear burden of bank defaults: President Kovind

The amount involved in such defaults for PSBs is reported to be Rs 1,10,050 crore.

5 April 2018 8:30 AM

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI's contingency fund falls to Rs 1.96 lakh crore

The RBI said as of June 30 it stands as a central bank with one of the highest levels of financial resilience...

29 Aug 2019 8:17 PM

RBI may extend moratorium on repayment of loans for three more months. (PTI Photo)

We've good news: Crooks stole only Rs 28k crore during corona quarter

Bank frauds down from Rs 43k crore seen in the April-June quarter of 2019

26 Aug 2020 3:28 AM

Prime Minister Narendra Modi addresses conference on Creating Synergies for Seamless Credit Flow and Economic Growth, in New Delhi, Thursday, Nov. 18, 2021. (PTI Photo)

Modi to fugitive eco offenders: Return to country

He asked banks to support wealth and job creators with proactive lending while promising to stand by any loans given in...

18 Nov 2021 5:27 PM

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB detects another fraud of Rs 9 Cr at branch involved in Nirav case

The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and...

15 March 2018 5:32 AM

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

RBI Governor to brief parliamentary panel on mounting bad debts

Patel will talk about the conditions of nationalised banks in view of rising NPAs and the future course of action to...

27 May 2018 11:12 AM