Search Results for: bank fraud

Banking frauds in India

Posted on February 26, 2013 by Vijayashankar Na

RBI has for the first time released some statistics of frauds in the Indian Banks. (Details here) :  (Press Release) According to the figures released Cyber Frauds in 2012 were about Rs 52.7 crores as against Rs 40.5 cores in … Continue reading →

Posted in Bank, Cyber Crime | Leave a comment

ICICI Bank Credit Card fraud surfaces at Mysore

Posted on February 20, 2013 by Vijayashankar Na

A serious credit card fraud has been reported from Mysore where a holder of ICICI Bank credit card has found that nearly RS 1 lakh has been debited to his credit card account on account of an airline ticket purchase … Continue reading →

Posted in Bank, Cyber Crime, Netizen's Forum, RBI | 1 Comment

PATCO Case: Bank’s Liability for Frauds

Posted on December 13, 2012 by Vijayashankar Na

Dec 3: Naavi has been personally fighting several Bank fraud cases on behalf of victim customers. This struggle has been temporarily blocked because the Government of India has failed to appoint the chairperson for Cyber Appellate Tribunal (CAT) since June 2011 … Continue reading →

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Is RBI out of its mind on allowing minor digital banking accounts ?

Posted on April 24, 2025 by Vijayashankar Na

Recently we saw that RBI came up with a circular (Refer TOI article here). RBI had in its earlier circulars (Refer here) starting from 1976 had indicated that the purpose of opening minor accounts was to encourage the habit of … Continue reading →

Posted in Cyber Law | Leave a comment

FedEx courier Fraud

Posted on September 10, 2023 by Vijayashankar Na

In recent times several frauds involving extortion of money by threatening a person that a parcel containing contraband items in his name has been seized by police and action is imminent on the individual. They then offer to help and … Continue reading →

Posted in Cyber Law | Leave a comment

“Set a thief to catch a thief”… In the context of AI in Banks

Posted on July 16, 2023 by Vijayashankar Na

AI is the buzzword in the tech world right now. Any software developer today meeting a client will first try to project how AI is built into his product to make it more efficient and cost effective. Every industry is … Continue reading →

Posted in Cyber Law | Leave a comment