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India's Banking Scandal: ₹1.1 Lakh Crore Fraud, Less Than 5% Recovered - A Silent Hemorrhage On Economy

While names like Vijay Mallya, Nirav Modi, and Mehul Choksi continue to dominate headlines, newly unearthed data reveals a far more deep-rooted and alarming crisis within India’s banking system, one ...
American Banker

Fighting Fire with Fire: Chief AI, Innovation and Data Officers on How to Combat Escalating Levels and Types of Cybersecurity Threats and Fraud

Cyber risk-related fraud in financial services is increasing in frequency, sophistication and type of attack at an alarming rate, in part due to the increasing usage of artificial intelligence by bad ...
Reuters

India's IndusInd Bank posts largest-ever quarterly loss due to suspected employee fraud

BENGALURU, May 21 (Reuters) - IndusInd Bank (INBK.NS), opens new tab, India's fifth-biggest private lender by assets, reported its biggest-ever quarterly loss on Wednesday and said it suspects some ...
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After SBI, Bank Of India Tags Anil Ambani, Reliance Communications' Accounts 'Fraud'

Days after the State Bank of India (SBI) declared Reliance Communications' (RCom) accounts as ‘fraud', the Bank of India (BOI) has also classified the loan accounts of the company, its promoter Anil ...