Search Results for: bank fraud

Since yesterday, a strange surge in interest has been seen in “Axis Bank” in the Netizen community particularly connected to fraud and ATMs and surprisingly on “Cancellation of license”. This was observed by a large number of visitors to Naavi.org … Continue reading →

RBI has clarified that any unreturned notes of denominations of Rs 500 and Rs 1000 will remain as unclaimed/claimable liability on their balance sheets but will not be transferred to Government in the form of dividend. It will therefore remain … Continue reading →

Readers of naavi.org have seen discussion on IRCTC website being misused and hacked several times in the past. (Earlier articles can be found here. https://www.naavi.org/wp/index.php?s=irctc In a fresh  move,  (See here), police have busted a gang which was committing the “Tatkal … Continue reading →

The UK based Tesco Bank recently observed suspicious transactions in around  40000 Current Accounts and had to temporarily shut down transactions in the accounts. Subsequently it was indicated that about 9000 accounts saw fraudulent withdrawals to the total extent of … Continue reading →

It has been pointed out in these columns that after the recent changes made in the account numbering system in Corporation Bank there have been many customer service issues. One issue that was pointed out was that though the account … Continue reading →

RBI in continuation of its fire fighting efforts after the “Mega Data Breach” in the Indian banking system has suggested that the “CISO” (Chief Information Security Officer) in a Bank which is already a senior position is to be upgraded … Continue reading →