Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / ICICI, SBI top bank fraud list
  • India

    ICICI, SBI top bank fraud list

    Written by
    Sneha Johny
    Edited by
    NewsBytes Desk
    Last updated on Mar 13, 2017, 09:36 pm
    ICICI, SBI top bank fraud list
    Credits:
  • Data from the RBI has revealed that ICICI bank had the maximum number of bank-fraud related cases between April-December 2016. SBI came in second.

    455 fraud cases of over Rs. 1 lakh were recorded in ICICI Bank, while SBI recorded 429, Standard Chartered, 244 and HDFC Bank, 237.

    The RBI data also revealed possible involvement of bank staffers in the fraud.

  • In this article
    Banks given the heads up to report frauds to CBI CBI to act as nodal authority for banks Private sector banks and filing fraud charges Fraud complaints from public sector banks CBI's Joint Director to receive fraud complaints ICICI, SBI top bank fraud list
  • 08 Aug 2016

    Banks given the heads up to report frauds to CBI

    Banks given the heads up to report frauds to CBI
  • India's public sector banks can now report and file charges on high value frauds with the Central Bureau of Investigation (CBI).

    High value frauds refer to those that amount to Rs. 50cr and above.

    This shift was brought into effect when the RBI, India's central bank, noted that the banks could not report to a focal authority for complaints on massive frauds it faced.

  • Quote

    CBI to act as nodal authority for banks

  • "The CBI will act as a centralized agency to receive complaints of frauds from banks," Central Vigilance Commissioner K V Chowdary told media reporters at a press conference.

  • Fraud charges

    Private sector banks and filing fraud charges

    Private sector banks and filing fraud charges
  • All private sector and foreign banks in India facing frauds of over Rs. 1lakh may report them to the state police.

    It also stated that frauds amounting to Rs. 10,000 and above must be filed with the state police.

    In case the frauds amount to more than Rs. 1crore, complaints must be filed with the state police along with the Serious Fraud Investigation Office.

  • Details

    Fraud complaints from public sector banks

    Fraud complaints from public sector banks
  • The public sector banks that witness frauds varying from Rs. 3crore to Rs. 25crore may file charges with the CBI's Anti Corruption Branch or its Economic Offences Wing.

    Frauds that amount to anything between Rs. 25crore and Rs. 50crore can be filed with the CBI's Banking Security and Fraud Cell.

    All frauds over Rs. 50crore may approach the agency's Joint Director for charges.

  • 08 Aug 2016

    CBI's Joint Director to receive fraud complaints

    CBI's Joint Director to receive fraud complaints
  • With the new provisions for the banks, the CBI has enabled authorization for its Joint Director officer to face the complaints and later initiate investigations by the agency's different wings on the complaints.

    The Chief Vigilance Officers of the Central Vigilance Commission will be placed as the nodal officers for coordination purposes.

    The year 2015 saw the CBI probe nearly 171 fraud cases.

  • 13 Mar 2017

    ICICI, SBI top bank fraud list

    ICICI, SBI top bank fraud list
    Credits:
  • Data from the RBI has revealed that ICICI bank had the maximum number of bank-fraud related cases between April-December 2016. SBI came in second.

    455 fraud cases of over Rs. 1 lakh were recorded in ICICI Bank, while SBI recorded 429, Standard Chartered, 244 and HDFC Bank, 237.

    The RBI data also revealed possible involvement of bank staffers in the fraud.

  • India
  • ICICI Bank
  • Central Bureau Of Investigation
  • SBI
  • RBI
  •  
Latest News
  • #HealthBytes: A beginner's guide to working out at home
    #HealthBytes: A beginner's guide to working out at home
    Lifestyle
  • Five types of protein powders that you should know about
    Five types of protein powders that you should know about
    Lifestyle
  • #HealthBytes: Don't like orange juice? You're missing these benefits
    #HealthBytes: Don't like orange juice? You're missing these benefits
    Lifestyle
  • Premier League, Leicester City 1-3 Arsenal: Records broken
    Premier League, Leicester City 1-3 Arsenal: Records broken
    Sports
  • Amitabh Bachchan hints at undergoing surgery for a medical condition
    Amitabh Bachchan hints at undergoing surgery for a medical condition
    Entertainment
Trending Topics
ISRO Vaccine Farmers Protest
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021