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Major Banking Frauds: SBI and IDBI Managers Involved in Multi-Crore Scams

SBI branch manager and associates arrested in Hyderabad over Rs 175 crore fraud The branch manager of State Bank of India (SBI) in Hyderabad’s Shamsheer

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The Rise of ‘Digital House Arrest’: A New Cybercrime Tactic

A female doctor from the Sikandra area in Agra was scammed out of Rs 2 lakh by cybercriminals posing as CBI officers. The scam unfolded

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Addressing Toxicity in Banking: A Call for Change

Senior bankers have recently garnered attention for negative reasons, including abusing and insulting their subordinates, using expletives, and intimidating them for not meeting business targets.

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RBI Halts Kotak Mahindra Bank’s New Customer Additions Due to Compliance Failures

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank Limited (KMBL) to stop immediately with the process of adding new customers through online

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In FY23, the RBI Ombudsman received more complaints against private banks and CIBIL

According to the most recent annual report, the Reserve Bank of India (RBI) recorded an average of 6.52 complaints per branch against RBL Bank from

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Electoral Bonds Matter: State Bank of India Witnesses Significant Drop in Share Value Following Supreme Court Criticism

Following the Supreme Court’s rebuke of the State Bank of India’s request for an extension in the electoral bond’s deadline, there was a notable decline

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RBI’s Measures on Paytm: Likely Reasons, Impacts, and the Fate of Your Funds

The Reserve Bank of India (RBI) has recently imposed restrictions on Paytm Payments Bank, preventing it from offering its core services, including accounts and wallets,

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A Decadal Shift in Banking Frauds and a Call for Vigilance

In the fiscal year 2021-22, a total of 9,053 fraud cases, amounting to ₹45,598 crore, were reported in various banking operations, as per the latest

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Recent News on Banking Frauds

41,000 customers of UCO Bank receive a total credit of ₹820 crore, leading to the filing of an FIR by the CBI The funds reached

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Latest Update on Bank Fraud

The Enforcement Directorate (ED) has detained the principal culprit in the Pulpally Service Cooperative Bank fraud case The Directorate of Enforcement (ED) has apprehended Sajeevan