English हिन्दी
Connect with us

India News

Bank fraud in India: THIS state recorded the highest scams in 9 months

As per the data released by the RBI, India lost a whopping Rs 34,097 crore in the last nine months.

Published

on

Bank fraud in India

The Reserve Bank of India released a latest data showing that India lost nearly Rs 100 crore every day to bank frauds over the past seven years. In the last nine months, as many as 27 scheduled commercial banks and financial institutions reported ninety cases of fraud.

As per the data released by the RBI, India lost a whopping Rs 34,097 crore in the last nine months.

Punjab National Bank topped the list of frauds with Rs 4,820 crore. The Bank of India secured the second spot with 13 frauds worth Rs 3,925 crore. The third highest number of frauds took place in Yes Bank. As per the data, 11 frauds worth Rs 3,869 were witnessed by the bank.

State Bank of India had eight frauds involving Rs 3,902 crore and Canara Bank had five frauds amounting Rs 2,658 crore.

Which state recorded the highest bank frauds in the last nine months?

Read Also: Why did ED summon journalist Rana Ayyub?

The state that recorded the highest number of bank frauds is Mumbai. The financial capital involved 50% of the amount out of the total bank scams in India. Delhi, Telangana, Gujarat, and Tamil Nadu witnessed the second, third, fourth, and fifth respectively number of frauds.

According to the RBI data, these five states together accounted 83% of bank frauds amounting Rs 2 lakh crore.

RBI classifies frauds under eight categories

  • Misappropriation and criminal breach of trust
  • Fraudlent enchashment through forged instruments
  • Manipulation of books of account or through fictitious accounts and conversion of property
  • Unauthorised credit facilities extended for reward or for illegal gratification
  • Negligence and cash shortages
  • Cheating and forgery
  • Irregularities in foreign exchange transactions

In other news, Amid the hike in the rate of petrol and diesel price, the former Congress President Rahul Gandhi slammed Prime Minister Narendra Modi over his to-do list. Read the full list here.

WATCH | Nitin Gadkari reaches Parliament in hydrogen-powered car; know price and other key details

Petrol and diesel prices go up by 80 paise again in seventh consecutive hike, total hike now at Rs 5.6

India News

“Will die but won’t give up”: Sahil Wakode’s parents urge IIT students to continue fight 

Sahil Wakode’s parents have appealed to IIT Bombay students to continue their fight for justice amid the ongoing investigation into their son’s death.

Published

on

Sahil Wakode

The parents of IIT Bombay student Sahil Wakode have appealed to students to continue raising their voices and fighting for justice following their son’s death.

Sahil Wakode, a second-year student at IIT Bombay, died in his hostel room on September 18. His death has led to student protests and an ongoing investigation by the Mumbai Crime Branch.

What Sahil Wakode’s parents have alleged

Sahil’s parents have alleged that their son faced caste-based discrimination and harassment at IIT Bombay before his death. They have sought action against those they hold responsible and have demanded a thorough investigation into the circumstances surrounding his death.

The family has also called for a CBI inquiry and has sought the arrest of officials named in the case. These remain allegations and are part of the ongoing investigation.

The Mumbai Crime Branch took over the probe after an FIR was registered following the complaint by Sahil’s parents.

IIT Bombay’s position

IIT Bombay has said that Sahil was allegedly caught using a mobile phone during a mid-semester examination and had uploaded the question paper to ChatGPT to seek answers.

The institute has maintained that no disciplinary action had been initiated against him. It said the matter had been discussed with him by the instructor and the Head of the Department, who counselled him and assured him that the incident would not adversely affect his academic career.

The circumstances surrounding Sahil’s death are being investigated by the appropriate authorities.

Investigation continues

The case remains under investigation, with the Mumbai Crime Branch examining the circumstances surrounding Sahil’s death and the allegations made by his family.

His parents have continued to demand justice and action against those they believe were responsible, while the investigation is expected to establish the facts surrounding the case.

Continue Reading

India News

Gyanesh Kumar meets election commissioners amid poll panel row

Chief Election Commissioner Gyanesh Kumar met Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi amid a controversy over reported objections to Election Commission decisions.

Published

on

Chief Election Commissioner Gyanesh Kumar held a meeting with Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi amid an ongoing controversy over the functioning and decision-making process of the Election Commission of India.

The meeting comes days after a report raised questions over formal objections allegedly recorded by the two Election Commissioners regarding several decisions and orders of the poll panel.

The Election Commission has maintained that differing views, observations and suggestions are part of its normal deliberative process. It has also said that all decisions taken by the full Commission over the past year were unanimous.

What is the Election Commission controversy?

The controversy followed a report that Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi had raised objections on at least 14 occasions over a 10-month period.

The reported objections included issues concerning changes to Form 6, the handling of additions and deletions from electoral rolls and the centralisation of electoral-roll data.

Form 6 is the statutory form used for applying for registration as a voter.

The Election Commission, however, has disputed the suggestion that the objections amounted to dissent over final decisions. The poll body said written notes, observations, technical suggestions and internal checks and balances are standard parts of its functioning.

ECI says decisions were unanimous

The poll panel has said that all decisions taken by it during the past year were the outcome of unanimous decisions of the full Commission.

It also said that operational queries or inputs raised during the drafting stage are part of the normal administrative process and are intended to improve electoral procedures and safeguard voter rights.

The issue has gained significance because the Election Commission is conducting electoral-roll revisions, including the Special Intensive Revision (SIR), in several parts of the country.

Opposition parties have questioned the functioning of the poll panel and have cited the reported objections by the two Election Commissioners in their criticism of Chief Election Commissioner Gyanesh Kumar.

Political parties seek clarification

The controversy has also prompted calls for greater clarity from political parties, including some parties that are allies of the BJP-led NDA.

LJP (Ram Vilas) chief Chirag Paswan, TDP Lok Sabha floor leader Lavu Srikrishna Devarayalu and Rashtriya Lok Morcha chief Upendra Kushwaha have sought clarification from the Election Commission regarding concerns surrounding the voter-list revision and the reported objections.

The Election Commission has continued to maintain that its decisions have followed the applicable laws, rules and established procedures.

Continue Reading

India News

Gandhi Parivar vs Sangh Parivar, Revanth Reddy’s remark sparks BJP attack

Telangana Chief Minister Revanth Reddy’s remarks contrasting the Gandhi Parivar with the Sangh Parivar triggered a BJP response accusing Congress of prioritising the Gandhi family.

Published

on

Telangana Chief Minister Revanth Reddy’s remarks comparing the Gandhi Parivar and Sangh Parivar have triggered a political exchange, with the BJP hitting back at the Congress leader.

Speaking in Kerala on Friday, Mr Reddy described the contest over India’s future as a fight between the two “parivars”. He said the Gandhi family had made sacrifices for the country while accusing the Sangh Parivar of attempting to divide India on the basis of religion, caste, region and language.

What Revanth Reddy said

Mr Reddy cited Mahatma Gandhi, Indira Gandhi and Rajiv Gandhi while speaking about what he described as sacrifices made by the Gandhi family.

He also referred to Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi, saying they had given up positions, power and high office.

The Telangana Chief Minister said he had no remaining personal political ambitions and described his objective as working towards a Congress-led government at the Centre with Rahul Gandhi as Prime Minister.

Mr Reddy also appealed to people to stand with the Gandhi Parivar and oppose the Sangh Parivar. He described the latter as a threat to India’s democracy.

BJP hits back

The BJP responded to Mr Reddy’s remarks on Saturday.

BJP spokesperson Pradeep Bhandari said the Telangana Chief Minister’s comments amounted to an admission that Congress’s objective was to bring the Gandhi family back to power.

He also linked Mr Reddy’s remarks to the ongoing political debate around “vote chori”, the Election Commission, the Constitution and democracy, arguing that the Congress’s focus was instead on the Gandhi family.

The exchange adds to the political confrontation between the BJP and Congress, with Mr Reddy presenting the Gandhi Parivar and Sangh Parivar as opposing forces in India’s political future, while the BJP has interpreted his remarks as evidence of Congress’s focus on the Gandhi family.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com