Page 6 - Bank Fraud

PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?

State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore

PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property

The bungalow is spread across 2.5 acres; valuation being assessed

Who is allowing bank frauds? Priyanka to govt as RBI reports rise in cases

Congress' chief spokesperson Randeep Surjewala also hit out at the government over the rising number of bank frauds

Bank frauds rise 15% in 2018-19, amount pegged at Rs 71,543 cr: RBI

Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks

CBI court convicts former Central Bank of India manager, 2 others for fraud

It was alleged that they fabricated documents and caused a loss of Rs 1 cr to the bank

Punjab National Bank slips 10% on detecting fraud of Rs 3,805 crore

PNB said on Saturday that Bhushan Power & Steel Ltd had misappropriated bank funds and had manipulated its books of accounts to raise funds from consortium lender banks.

Sterling Biotech PMLA case: ED attaches assets worth over Rs 9,700 cr

ED registered a criminal case in the alleged bank fraud scam based on a Central Bureau of Investigation FIR and charge sheet

Court directs ED to file charge sheet against accused in loan fraud case

An "open-ended NBW" does not carry a time limit for execution unlike non-bailable warrants

CBI books Vadodara firm for cheating banks of Rs 26 bn; raids premises

It is alleged that the firm, with active connivance of officials from various banks, managed to get enhanced credit facilities