PNB reports ₹2,434 crore fraud by ex-Srei promoters
Punjab National Bank reports a massive ₹2,434 crore borrowal fraud to RBI involving former promoters of Srei Equipment and Srei Infrastructure Finance. Get the latest details.
Category : Search result: cooperative bank fraud Kerala
Nagpur: Rs 1.65 Cr Bank Fraud at Union Bank Ghat Road Branch
A retired branch manager and six others are accused of a Rs 1.65 crore scam at Union Bank's Nagpur branch using fake documents. Police investigation ongoing.
Congress Leads in Mysuru Cooperative Bank Board Elections
With Congress securing a majority in the MCDCC Bank board, a power struggle ensues for the president and vice-president posts. Key MLAs back candidates for the influential Rs 2,500 crore turnover bank.
Kerala: The 'Finland of India' - Key Reasons
Discover why Kerala is earning the nickname 'Finland of India.' From a literacy rate exceeding 94% to social welfare and water-rich landscapes, explore the striking parallels.
Pune Credit Society Manager Booked for Rs 1 Crore Fraud
Shivajinagar police register a cheating case against a cooperative society manager for allegedly misappropriating Rs 1 crore through fake loans. Full details of the audit findings inside.
Ghaziabad: 4-Month Jail for Man in Bank Loan Fraud
A CBI court in Ghaziabad sentenced Ravi Kumar Garg to jail in a bank fraud case. He pleaded guilty, repaid part of the loan, and avoided further imprisonment. Details inside.
PNB staff in Lucknow save ₹1.13 crore from digital arrest scam
Alert Punjab National Bank officials in Lucknow rescued a 75-year-old woman from a digital arrest scam, preventing a ₹1.13 crore loss. Learn how vigilance and timely police action foiled the cyber fraudsters.
Kerala's ₹775 Cr Cybercrime Loss in 2025
Kerala faces a cybercrime crisis in 2025, with citizens losing ₹775 crore. High-value heists target retirees & NRIs using psychological warfare. Read how scammers operate.
January 2026 Bank Holidays: RBI Lists 10 Closure Days
RBI releases 2026 holiday calendar. Banks across India to remain shut for 10 days in January. Check city-wise list for New Year, Republic Day, Pongal & more.
Karuvannur Bank Scam: Rs 263 Cr Still Unpaid to Depositors
Years after the Karuvannur cooperative bank scam surfaced, over Rs 260 crore remains locked for 30,078 depositors. Govt data reveals slow repayments hinge on loan recovery. Details inside.
Yogi Revives UP Cooperatives, Slams Past 'Mafia' Rule
UP CM Yogi Adityanath accused previous governments of destroying state cooperatives. He announced a 'One District, One Cooperative Bank' model and ₹4,700 crore relief for depositors.
Bank Holiday List for 22-28 December: 6 Days Off
Banks will be shut for up to six days next week in parts of India due to festivals and weekends. Check the full state-wise list of closures and available online services.
Rs 2 Crore Gujarat Tourism Fraud, Bank Manager Suspended
A major fraud of Rs 2.03 crore siphoned from Gujarat Tourism's bank account via forged documents. Union Bank manager suspended. Details of the investigation inside.
Gurgaon: Duo Arrested for Siphoning Rs 10 Lakh from Firm
Two Gurgaon travel company employees arrested for diverting Rs 10 lakh to fake accounts. Police investigation ongoing to recover funds. Read the full details.
Ahmedabad Bank Account in Rs 148 Cr Cyber Fraud Scam
A bank account in Ahmedabad's Ramol saw Rs 148.3 crore transactions in over a month, linked to 117 cyber fraud complaints nationwide. Police probe reveals modus operandi.
Baghat Bank depositors protest over loan sanctioning lapses
Depositors and shareholders of Baghat Cooperative Bank staged a protest demanding action against officials for alleged lapses in loan sanctioning, causing financial distress. Read the full story.
CBI arrests absconding fraudster Ashutosh Pandit in Goa
After a decade-long manhunt, the CBI arrested Ashutosh Pandit from Goa for a Rs 17 crore Pune bank fraud. He had changed his identity using fake documents. Read the full story.
Woman alleges dating app fraud in Kochi, loses money & jewellery
A 23-year-old from Kolkata was allegedly duped by a man she met on a dating app. The accused, a bank employee from Aluva, absconded with her cash and jewellery. Police are investigating.
Kerala's KERA Project Offers Grants to Link Farmers with Markets
Kerala govt & World Bank launch KERA project to forge 150 alliances between farmer companies & agri-businesses. Grants up to 60% (max Rs 2 Cr) available. Apply by Dec 31.
Indian Bank Staff Booked for Rs 64 Lakh Gold Theft in Rajkot
Two Indian Bank employees in Rajkot face charges for misappropriating pledged gold worth Rs 64 lakh. The accused, who controlled the locker keys, were transferred after an internal probe. Police investigation is ongoing.
Bharat Taxi: Driver-Owned Ride-Hailing Service Launches in Delhi
Bharat Taxi, a cooperative ride-hailing platform, launches in Delhi on January 1. With 56,000 drivers, it lets drivers keep 80% of earnings, challenging Uber and Ola. Read more.
Kerala Fully Prepared for Crucial Local Body Elections
Kerala gears up for the 2025 local body polls as the State Election Commissioner confirms all preparations are complete. Key details on dates, security, and voter lists inside.
UP STF Busts Gang for Rs 100 Crore Bank Fraud, 8 Arrested
Uttar Pradesh STF uncovers a major interstate loan fraud syndicate using forged documents & shell companies, arresting 8 including the mastermind. Details inside.
Mangaluru Bank Manager Accuses 15 of Rs 104.7 Crore Fraud
A Canara Bank manager in Mangaluru files a police complaint, alleging a Rs 104.7 crore loss due to fraudulent loan sanctions by 15 individuals. Read the full investigation details.
Bharat Taxi: New Cooperative Ride-Hailing App Launches in Delhi
Bharat Taxi, a new cooperative ride-hailing app backed by major cooperatives like Amul and IFFCO, begins pilot in Delhi. With over 51,000 drivers, it offers a zero-commission model. Read more about this alternative to Ola and Uber.
HC Orders Status Quo on Karassery Bank Committee Removal
Kerala High Court halts removal of Karassery Cooperative Bank's elected committee for two weeks. The petition alleges illegal membership grants and political interference. Details inside.
Yes Bank, Union Bank Enter Nifty Bank Index
Yes Bank and Union Bank of India set to join NSE's Nifty Bank index, expanding it to 14 stocks. New SEBI rules trigger $670M outflows from HDFC, ICICI Bank. Read the full analysis.
ED attaches Rs 200 cr assets in Kolkata bank fraud case
Enforcement Directorate attaches properties worth Rs 199.67 crore in a Rs 234.57 crore bank fraud case. Court orders restitution of Rs 169.47 crore to Central Bank of India. Read the full details.
Kochi Visa Fraud: Rs 5 Crore Lost, 25 Agents Held
Kochi police uncover major visa fraud ring shifting from healthcare to blue-collar job scams for Europe & Gulf. Over 25 agents arrested, victims lose Rs 5+ crore. Experts warn of new tactics targeting desperate youth.
Bharat Taxi: World's Largest Driver-Owned Ride-Hailing App
Bharat Taxi, India's new cooperative taxi app, has enrolled over 51,000 drivers before its national launch. The zero-commission model sends 100% of fares to drivers. Beta trials have begun in Delhi.
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