Consumer loans or personal continue to record the highest fraud incidence.
Inoperative accounts are those accounts where contributions are not made for more than 36 months. The Employees Provident Fund Organisation has stopped crediting interest in these inoperative accounts.
At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.
'A mule operates someone else's account to transfer illegal money.'
The Central Bureau of Investigation has arrested a man for allegedly altering Aadhaar card details to withdraw Provident Funds of unsuspecting persons through online claims, officials said on Monday.
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.
According to Jaishankar, the problem is that the Russian authorities maintain that these Indian nationals entered into contracts for services with the Russian army.
An inquiry had been launched with officials under fire for issuing CNICs without legitimate documentation.
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
"But the BJP wants it to be done after Lok Sabha elections. The tenure of this Lok Sabha will end on 16th June and SBI wants to share the data by 30th June," Kharge said.
The Vishwaguru who addressed the maximum rallies and boasted of being blessed with divine energy, who promised guarantees in his own name, turned out finally not invincible, points out Jyoti Punwani.
The Commission concluded that the bank officials had evidently been negligent in failing to compare the signature prior to making payment, notes Jehangir B Gai.
The famous "Afghan girl" immortalised in a 1985 National Geographic magazine cover is facing investigation in Pakistan after she was found living in the country on fraudulent identity papers.
A 45-year-old Indian national has been sentenced to a nine-month jail by a German court for spying on the Indian community in the country. Ranjit S, an electrician, violated the German law by engaging in espionage operations, the high court in Koblenz said in its verdict delivered last week.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
The court listed the matter for further hearing on December 13.
The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).
Rana was elected from Maharashtra's Amravati Lok Sabha seat in 2019. She is an Independent MP backed by the NCP.
To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, banks are now coming up with awareness campaigns aimed at preventing customers from falling into the trap of fraudsters.
Not so hatke after all, but no reason to stay bachke either, notes Sukanya Verma.
Arrested in September 2019 by the Delhi police for making 'provocative statements' when Donald J Trump was on his visit to India, Dr Umar Khalid has now spent three years in jail without being convicted of an offence, points out Aakar Patel.
Gujarat police have registered the first FIR in the state under the newly-notified law against forcible or fraudulent religious conversion through marriage, and arrested a 26-year-old man in Vadodara city, a senior official said on Friday.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
They had been told that this was part of their training for positions of travel ticket examiner (TTE), traffic assistants and clerks, and each of them paid amounts ranging between Rs 2 lakh and Rs 24 lakh to get the jobs in the Railways, according to a complaint filed with the Delhi Police's Economic Offences Wing (EOW).
The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.
Gokulnath Shetty, then deputy manager (now retired), Manoj Kharat, a single window operator of PNB, and Hemant Bhat were taken into custody by the agency
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
Do not trust any incoming phone calls or mails that ask you to install any file or programme, warns Niranjan Upadhye, general manager-fraud risk management, Worldline India.
The defendants would make up a false identity to get cards and then use them.
An American man -- who produced the anti-Islamic film that had outraged the Muslim world -- has been sentenced to a year in prison for violating his probation stemming from a 2010 bank fraud conviction by lying about his identity. United States District Court Judge sentenced Mark Basseley Youssef after he admitted to four of the eight alleged violations, including obtaining a fraudulent California driver's license.
The case involving an inter-faith couple was filed in Vadodara under the amended Gujarat Religious Freedom Act and the interim relief granted by the court to the four, including the main accused, will be pending the disposal of a petition filed by them seeking quashing of the FIR against them.
The House of Commons petitions committee has confirmed that 77,000 signatures were added fraudulently and have been removed.
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
Dated July 19, the letter was delivered in UP CM's office as well as her official residence by a special messenger.
The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.
Sharbat Gula was also given a 15-day jail sentence and will have to pay a fine of Pakistani Rs 1,10,000.
Underworld don Chhota Rajan was on Saturday sent to Central Bureau of Investigation custody by a court, a day after he was brought from Indonesian city of Bali.
Alleging that the order made by the Pennsylvania Supreme Court was unconstitutional, the attorney generals said the state overstepped its constitutional authority in accepting late ballots and violated the election clauses of the Constitution and that voting by mail creates voter fraud risks.
'If your loan application gets turned down by one bank, do not apply immediately to several others.' 'This makes you appear credit hungry and possibly in some form of financial distress.' 'Multiple enquiries affect your credit score adversely,' advises Mohan Jayaraman.
