Loan scams

Instant Loan Apps: Here’s how to avoid online loan fraud

A working group established by the central bank has recently proposed legislation that would subject these digital lending apps to verification in order to prevent scams.

Nov 28, 2021, 11:44 AM IST

Banks to report frauds of Rs one crore and above to Central Vigilance Commission

With several high-ticket alleged frauds like Vijay Mallya loan default case coming to fore, Central Vigilance Commission has now made it mandatory for the public sector banks to report to it all such matters involving funds over Rs one crore.

Oct 31, 2016, 17:20 PM IST