Search Results for: bank

The Cosmos Bank fraud.. Could better security at NPCI have prevented it?

Posted on October 7, 2018 by 98410spice

The recent fraud in which Rs 94 crores were siphoned off the Cosmos Bank system on August 11th and 13th through over 14800 ATM withdrawals has once again highlighted that for fraudsters it makes no difference if the money comes … Continue reading →

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Corporation Bank net Banking System goes for a toss?

Posted on October 1, 2018 by 98410spice

  It is not clear what is happening at Corporation Bank and its online Banking system. Earlier the Internet Banking system was borrowed from the old ICICI Bank and it was working in the SB environment though not in the … Continue reading →

Posted in Cyber Law | 11 Comments

State Bank of India ready for a major scam

Posted on April 8, 2018 by Vijayashankar Na

I have been informed by some customers of State Bank of India, particularly in the Srinagar Branch of Bangalore that the Bank is asking for e-mail ID from its customers who want to file 15G certificate. It is said that … Continue reading →

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Self Loans!… A New Dimension of Bank Frauds

Posted on March 4, 2018 by Vijayashankar Na

After the PNB Fraud in which over Rs  11400 crores are suspected to have been lost came to light, many other frauds are slowly tumbling out the closets of E Banking. Leaving aside the fact that the lenders of different … Continue reading →

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Appointment of Chairmen and Directors of Banks is the Weak link that caused PNB fraud

Posted on February 20, 2018 by Vijayashankar Na

“Where there is Money, there will be Fraud” is a truth which all traditional Bankers know. Hence the essence of Good Banking is building security into the culture of the organization and into its systems. The legacy paper based systems … Continue reading →

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