Banking sector frauds have gone up by over 10%: Deloitte

Last Updated: Thursday, April 23, 2015, 15:50

The number of frauds in the banking sector have increased by more than 10 percent over the last two years, with retail banking witnessing highest number of incidents, says a report by consultancy firm Deloitte.

Frauds worth Rs 11,022 crore detected in PSU banks in Apr-Dec

Last Updated: Sunday, March 22, 2015, 13:25

PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.

QNet case: 2 more company representatives held

Last Updated: Wednesday, March 4, 2015, 21:12

Two top representatives of QNet, a Hong Kong-based multi-level marketing company allegedly involved in a Rs 425-crore fraud here, were arrested Wednesday after being picked up from Delhi international airport, police said.

Rs 23 lakh worth fake products under Lenovo brand seized

Last Updated: Thursday, February 26, 2015, 22:45

Fake products under the brand name Lenovo, including laptop batteries and adaptors, valued at Rs 23 lakh, were seized Thursday in raids at three retail shops here.

Sebi to hire tax sleuths to beef up enforcement operations

Last Updated: Sunday, February 1, 2015, 15:53

Armed with powers to carry out search and seizure as well as arrest violators, the market watchdog has been cracking the whip on illegal money pooling activities.

RBI asks coop banks to set up panel for monitoring fraud cases

Last Updated: Wednesday, January 7, 2015, 21:44

The Reserve Bank has directed all primary (urban) cooperative banks to set up a special committee for monitoring and following up cases of frauds of Rs 1 crore and above.

India logs 40% annual increase in cyber crime cases

Last Updated: Sunday, December 28, 2014, 09:36

Hacking, publication of obscene contents, credit card and banking frauds among other cyber crimes have registered an annual increase of more than 40 percent in the country in the past two years.

Govt to amend laws to protect online shoppers from frauds

Last Updated: Friday, December 12, 2014, 15:37

In the last two years, nine complaints have been registered against e-commerce companies and the government has taken action on the same, he said.

Satyam case: B Ramalinga Raju, others get 6-month sentence

Last Updated: Monday, December 8, 2014, 22:36

A local court Monday convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).

US needs to upgrade to `smart card` technology to curb frauds

Last Updated: Sunday, December 29, 2013, 15:17

Security experts have pointed out that the United States need to incorporate smart card technology, which offers a much higher level of encryption and security than the magnetic strip cards used in America.

SEBI eyes greater foreign help to catch manipulators

Last Updated: Sunday, November 24, 2013, 13:15

Having been very prompt in replying to information requests from its oversees peers, SEBI is also looking at greater help from foreign regulators in its attempts to check investor frauds and market manipulations.

Corporate frauds on the rise, says report

Last Updated: Wednesday, October 23, 2013, 18:45

The number of domestic companies witnessing incidences of frauds has increased in the current year, with as many as 71 percent of surveyed companies saying their exposure to such instances rose, says a report.