Page 6 - Bank Fraud
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
 "Bank frauds rise 15% in 2018-19, amount pegged at Rs 71,543 cr: RBI")
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
 "CBI court convicts former Central Bank of India manager, 2 others for fraud")
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.
 "Punjab National Bank slips 10% on detecting fraud of Rs 3,805 crore")
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
 "Sterling Biotech PMLA case: ED attaches assets worth over Rs 9,700 cr")
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
 "Court directs ED to file charge sheet against accused in loan fraud case")
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
 "CBI books Vadodara firm for cheating banks of Rs 26 bn; raids premises")