State Bank of India issues Frauds-related advisories to Customers   

With the increasing penetration of digital transactions in India, one of the largest lenders State Bank of India (SBI) issued a set of advisories for its customers to avoid getting duped by frauds. State Bank of India is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI said […]

Commercial Banks in India reported Rs 1.38 trillion of frauds in 2020-21: RBI

In the aftermath of the COVID19 pandemic, number of online frauds have risen alarmingly in India, as a result of increased tech usage. According to a Statista report in 2020, the state of Maharashtra in India had the highest number of cyber fraud offences with over three thousand cases registered with the authorities. The country […]