Fraud
RBI proposes new safeguards to curb surging digital payment fraud
The RBI is proposing ‘cooling-off’ periods and stricter authentication for high-value transfers to give victims and payment processors time to halt fraudulent transactions.
2 min read9 Apr 2026CoinDCX co-founders plan next steps after ‘shocking and disheartening’ scam accusation, promise safety infrastructure
Swept up in the alleged over ₹71 lakh fraud case. CoinDCX's Sumit Gupta announced that the company is focused on safety and has committed ₹100 crore towards development of the infrastructure.
4 min read30 Mar 2026RBI’s rule on digital fraud compensation should push banks to invest in modern systems to protect customers
RBI’s directive on compensation for digital fraud is a whip-crack that banks must heed. They must invest in high-end systems designed explicitly to safeguard customers. As online scams grow more sophisticated, data sharing networks will help.
3 min read29 Mar 2026Kotak Mahindra Bank responds over alleged fraud: Initiated ‘detailed reconciliation’ of FDs to Panchkula Municipal Corp
Kotak Mahindra Bank today said it has initiated reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation of Panchkula, following instructions from the civic body.
2 min read25 Mar 2026Centre moves to curb bank fraud; calls high-level meeting with CBI, banks to discuss mule accounts, delays
The critical meeting aims to address procedural bottlenecks like delays in securing prosecution sanction under the Prevention of Corruption Act and poor coordination, which slow down probes into high-value bank frauds often involving bank officials and complex networks.
2 min read24 Mar 2026CoinDCX co-founders Sumit Gupta, Neeraj Khandelwal arrested over ₹71 lakh fraud charges
The company, however, claimed the FIR was false, and there was a conspiracy against CoinDCX by impersonators posing as its founders and cheating the public.
2 min read23 Mar 2026Two rules for fraud victims. IDFC Bank shows how some cases see swift action
Ordinary citizens rarely see their stolen money recovered. IDFC Bank’s swift action highlights a stark contrast in how fraud is handled.
3 min read1 Mar 2026BookMyForex denies data leak claims, says customer funds are safe
The clarification comes after a report on Wednesday flagged allegedly unauthorised transactions in US dollars and Brazilian reals, suggesting that hackers may have gained access to sensitive card details and executed international transactions without requiring physical possession of the cards.
1 min read25 Feb 2026Fraud could hit IDFC First where it hurts the most
A ₹590-crore alleged fraud at IDFC First Bank has rattled investors, raising questions over internal controls and governance even as the lender’s growth and profitability metrics remain strong.
2 min read24 Feb 2026IDFC First Bank shares tumble after ₹590-cr fraud at Chandigarh branch
IDFC First Bank reported a ₹590-crore fraud at a Chandigarh branch involving Haryana government accounts. While the bank claims the impact is manageable and isolated, the stock fell as the state government halted new deposits, raising fears of a broader shift toward PSU banks.
3 min read23 Feb 2026Wait for it…
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