E-PaperFinancial Fraud News
How greed can land you into a Ponzi scheme trap
The responsibility of avoiding fraudulent schemes is largely on investors themselvesA 30-40% guaranteed return per annum itself is a red flag. Avoid schemes that offer unrealistic returns
4 min read17 Jun 2019Opinion | When fraud gets a new address and a new name: Robin Hood and Bahu Bali
Regulators need to invest in a joint big data venture that will work to catch fraud
3 min read13 May 2019Frauds within credit system on a rise: Report
A recent report by Experian says that identity frauds and market alert frauds have increased significantly in the credit system in the past yearFraudsters can simply hover the skimming device around your pocket and commit a credit card fraud
5 min read30 Apr 2019Beware of Any Desk type fraudulent apps
Giving SMS permissions and device admin permission to any app is inviting troubleDon’t download apps without verifying it
1 min read2 Mar 2019SBI reports fraud worth ₹7,951.29 crore in Apr-Dec
SBI says Q1 reported 669 cases of fraudulent activities worth ₹723.06 cr, Q2 saw 660 cases involving ₹4,832.42 cr and Q3 saw 556 cases amounting to ₹2,395.81 crSBI refused to share information about the financial losses to its customers due to the fraudulent activities
1 min read27 Feb 2019Govt, RBI to look into cases of financial frauds: Ravi Shankar Prasad
A Financial Data Protection bill has been drafted that aims to address issues related to data theft, including from social networking websites, he also told the House.
1 min read4 Jan 2019Who’s going to stop fraud in Indian companies?
Most instances of fraud are being detected at the prompt of whistle-blowers and new managements
3 min read18 Jul 2018Govt asks NBFCs to report details of clients to FIU-IND
NBFCs have been asked to register with the financial intelligence unit FIU-IND and report details of clients under the Prevention of Money Laundering Act
1 min read22 Mar 2018Loan defaults: Sebi to push for urgent disclosure by listed firms
Sebi plans to make it mandatory for listed companies to make urgent disclosure about all major loan defaults to check financial frauds
3 min read4 Mar 2018Industry cautions against lending freeze in wake of PNB fraud
The Indian industry called for better control systems to check financial frauds and also suggested gradual reduction in government holding in public sector banks
3 min read25 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared