Author: admin@thebankingtimes.in
-
SBI Declares RCom and Anil Ambani as ‘Fraud’; CBI Complaint in Process
New Delhi, July 22, 2025:The State Bank of India (SBI) has officially classified Reliance Communications (RCom) and its promoter-director Anil D Ambani as ‘fraud’ accounts, following due process under RBI guidelines. This update was shared in a written reply by Minister of State for Finance, Pankaj Chaudhary, in the Lok Sabha on Monday. The fraud…
-
What is CoinDCX?
CoinDCX is like a stock market app—but for cryptocurrencies like Bitcoin and Ethereum.It’s one of India’s biggest crypto trading platforms, where people can buy, sell, and invest in digital currencies using their phone or computer. Started in 2018, CoinDCX says it takes safety very seriously and follows Indian rules. It has over 1 crore users…
-
Hackers stole ₹378 crore from CoinDCX’s internal account in a major cyberattack.
Mumbai, July 22, 2025 – India’s leading cryptocurrency exchange, CoinDCX, has fallen victim to a massive cyberattack, resulting in the theft of digital assets worth approximately ₹378 crore ($44 million). The breach, which occurred on July 19, targeted an internal operational account used for liquidity management on a partner exchange—not customer wallets. In a reassuring…
-
RBI Proposes Stricter guidelines to regulate Digital Banking Channels
Mumbai, July 21, 2025:In a significant move to enhance security, transparency, and governance in the digital banking ecosystem, the Reserve Bank of India (RBI) has released a draft of the Digital Banking Channels Authorisation Directions, 2025. The proposed regulations aim to standardize and streamline the operations of internet and mobile banking platforms across all categories…
-
CBI Nabs Woman After 7 Years in ₹12.63 Crore Bank Fraud Case Using Tech Surveillance
In a major breakthrough, the Central Bureau of Investigation (CBI) arrested a long-absconding fraud accused, Ms. Nasreen Taj, who had been on the run for nearly seven years in a ₹12.63 crore Syndicate Bank scam. Her arrest was made possible through the use of advanced surveillance technology, digital identity tracking tools, and persistent field efforts…
-
Senior Citizen Duped of ₹1.51 Crore in Mumbai’s Shocking ‘Digital Arrest’ Scam; Three Arrested, Dubai-Based Mastermind Traced
Mumbai:In a chilling case of cybercrime, a 78-year-old woman from South Mumbai fell victim to a sophisticated “digital arrest” scam and was defrauded of ₹1.51 crore. The South Region Cyber Police have arrested three individuals connected to the fraud and have identified the alleged mastermind operating from Dubai. The arrested suspects — Sapan Prafull Kumar…
-
Bengaluru Man Ends Life After Falling Victim to ₹13 Lakh Digital Arrest Scam
Benguluru:In a shocking case of cybercrime-induced mental trauma, a contract employee of Bengaluru Electricity Supply Company (BESCOM) died by suicide after allegedly being duped of ₹13 lakh by cybercriminals in a “digital arrest” scam. The victim, identified as 43-year-old Ravi Kumar (name changed), reportedly received a call from individuals posing as officers from a reputed…
-
RRB Consolidation Drive Reduces Banks from 196 to 28 under ‘One State-One RRB’ Policy
New Delhi:In a significant move to improve the financial strength and operational efficiency of Regional Rural Banks (RRBs), the Government of India has successfully reduced the total number of RRBs from 196 in 2005 to just 28 as of May 1, 2025. This consolidation has been carried out under the ambitious ‘One State-One RRB’ policy.…
-
Over 2 Lakh Women Empowered Under LIC’s Bima Sakhi Scheme
More than 2 lakh women across India have been enrolled under the Bima Sakhi – Mahila Career Agent (MCA) Scheme, a flagship initiative launched by the Government of India on December 9, 2024. As of July 14, 2025, the Life Insurance Corporation of India (LIC) has enlisted 2,05,896 Bima Sakhis, providing them with income, career…
-
If You Had Invested ₹1 in Bitcoin in 2010, It Would Be Worth Over ₹1 Crore Today!
Mumbai, July 21, 2025 — In what stands as one of the most astonishing financial stories of the century, Bitcoin—the world’s first and most popular cryptocurrency—has turned early believers into multi-millionaires. If an Indian investor had invested just ₹1 in Bitcoin back in 2010, that investment could now be worth over ₹1 crore as of…