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More than 1 in every 10 job applications in the BFSI sector had misrepresented details such as salary, tenure, and reason for leaving previous company, business intelligence firm AuthBridge said in a report. Education check discrepancies stood at 2.93 per cent, with fake certificates and degrees, along with institutions blacklisted by the UGC, most common, said the report titled 'Workforce Fraud Files H1 FY26'. AuthBridge said the analysis is based on background verification data from April-September 2025. The firm said it reviews lakhs of candidate cases across two employee types -- white-collar and gig workers, using in-house verification platform. "Strengthening digital and structured address verification processes must remain a strategic priority for BFSI institutions," said Ajay Trehan, Founder and CEO of AuthBridge. As digital banking scales and fintech partnerships multiply, BFSI institutions are hiring faster and across more channels than ever before, he said. However,
The committed expenditure on salaries, pensions, and interest payments increased by 2.49 times to Rs 15,63,649 crore in fiscal 2022-23 across all states from Rs 6,26,849 crore in 2013-14, said a CAG report on state finances. A large share of the revenue expenditure is either committed or tied up. Salaries, pensions, and interest payments on public debt and liabilities are treated as 'committed expenditure'. During the 10-year period from 2013-14 to 2022-23, revenue expenditure by the states constituted 80-87 per cent of the total expenditure and as percentage of combined GSDP, it was about 13-15 per cent. In FY 2022-23, revenue expenditure was 84.73 per cent of total expenditure and 13.85 per cent of combined GSDP, said the publication on State Finances 2022-23, the first of its kind by the Comptroller and Auditor General of India. In FY 2022-23, out of the total revenue expenditure of Rs 35,95,736 crore, the committed expenditure was Rs 15,63,649 crore; Rs 3,09,625 crore on subsid