With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
The findings revealed the biggest threat to firms comes from within.
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
The bank wanted to run a background check on some Indian promoters.
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
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