India loses more than 17000 crores to bank frauds

Indian banks have lost more than 17000 crores to frauds in more than 26000 instances of frauds reported in the year 2012-13. Report published in Economic Times stated that the total...

Kabul Bank Fraud

Afghanistan has asked India to return two Indians,  who were senior officials at the Kabul Bank which sank in a $935 million financial scam - an emblematic case of Afghan corruption...

Co-operative Bank in Money Laundering

Cooperative banks have once again come under the scanner of the income-tax (I-T) department. While the department suspects a mega fixed deposit (FD) scam spread over several co-operative banks, there is...

A critical analysis of Banking Codes and Standards (BCSBI)

The first thought a common Indian gets seeing BCSBI words are? Is this some new subsidiary or part of the SBI group? Sadly, this tells the story. There is little or...

Fixed Deposit fraud in Nationalised Banks

Ministry of Finance ordered the forensic audits in cases of the fixed deposit fraud in Dena Bank and Oriental Bank of Commerce. Apart from the forensic audit firms, CBI is doing the...

Lloyds considering action against KPMG

Lloyds banking group is considering legal action against KPMG in HBOS Bank Audit. Accountancy giant KPMG in the UK is under scanner over the audit work that gave HBOS, banking and...

Equitable Mortgage Frauds in Indian Banks

Loans have become more accessible these days as banks are facilitating equitable mortgage, wherein you can pledge your property documents with the bank and avail a loan. However, there are many...

Syllabus – Certified Bank Forensic Accounting

Syllabus for CBFA Certification in Bank Forensic Accounting emphasize a forensic rather than a control-based or risk management approach to the analysis of bank governance and the possibility of fraud. Participants will be...

Swiss Bank swallowed $1.5 Billion fine for fraud

The Libor is an average interest rate calculated through submissions of interest rates by major banks in London. The London Interbank Offered Rate (Libor) is a flagship instrument used all over...

RFID card would open new avenues for fraudsters in India

ICICI Bank announced the launch of its contactless credit cards on 7th January'2015. This is a going to be a big game changer technology in the Indian payment industry according to...

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