Category : Search result: RBI currency fraud


RBI rejects Maharashtra's asset reconstruction company licence

In a major setback for the Maharashtra government, the Reserve Bank of India has rejected the licence application for the state's proposed asset reconstruction company, dealing a blow to efforts aimed at tackling the massive ₹1 lakh crore stressed loans.

RBI Intervenes Again: Rupee Saved From Record Low

The Reserve Bank of India intervenes forcefully to prevent the rupee from hitting historic lows against the US dollar. Discover how India's central bank is battling currency pressures and what it means for the economy.

RBI Gold: Economic Shield or False Security?

Explore the controversial role of India's massive gold reserves as the RBI's safety net. Is the glittering metal truly protecting the economy or creating dangerous illusions?

Rupee surges 21 paise to 88.56 against US dollar

Indian rupee strengthens significantly against US dollar, gaining 21 paise to reach 88.56 in early trading session. Discover the key factors driving this upward movement and expert market analysis.

Bengaluru Man Loses ₹1.16 Cr in Investment Scam

A Bengaluru resident was cheated of ₹1.16 crore by fraudsters posing as representatives of a financial firm. Learn how the elaborate scam unfolded and crucial safety measures to protect your money.

Bank CEO: All Money Will Be Tokenized in Future

Bill Winters, CEO of Standard Chartered, makes bold prediction about future financial transactions. Discover how tokenization will transform global money movement and what it means for India's digital economy.

Rupee falls 5 paise to 88.75 against US dollar

Indian rupee weakens marginally against US dollar, settling at 88.75. Explore key factors driving currency movement and RBI's intervention strategy in volatile forex markets.

Rupee falls 7 paise to 88.77 against US dollar

Indian rupee continues downward trend, falling to 88.77 against US dollar amid strong American currency and elevated crude oil prices. Forex traders remain cautious as domestic equity markets show mixed signals.

India's Crypto Crossroads: RBI vs Stablecoins

Exclusive analysis of RBI's firm stance against stablecoins and how India's CBDC revolution could reshape the digital currency landscape. Discover the regulatory battle shaping India's financial future.

Ex-staffer held for ₹15L fraud in Bhubaneswar

Bhubaneswar police apprehend ex-employee for allegedly siphoning ₹15 lakh from company accounts through forged transactions. Detailed investigation reveals sophisticated fraud scheme.

Crypto Wealth Mirage: Risks Behind Digital Gold Rush

As cryptocurrency trading surges in India, financial experts warn investors about the volatile nature and regulatory uncertainties of digital assets. Learn how to navigate this risky landscape.

Mangaluru Senior Loses ₹1.39 Cr in Investment Fraud

A 67-year-old retired professional in Mangaluru loses life savings to elaborate investment fraud. Cybercrime police uncover multi-layered scam operation targeting senior citizens with fake stock market promises.

Ludhiana: Two booked in ₹1 crore fraud case

Ludhiana police register case against two individuals for allegedly cheating local businessmen of ₹1 crore in sophisticated fraud operation. Full details of the elaborate scam revealed.

Ludhiana Bank Fraud: ₹9.5L Scam Exposed

In a major banking scandal, two officials from a Ludhiana bank have been charged with embezzling ₹9.5 lakh through fraudulent fixed deposit transactions. The FIR reveals how the duo manipulated records to siphon customer funds.

Indian Telecom Exec in $500M US Fraud Scandal

Shocking revelations emerge as Indian telecom entrepreneur Bankim Brahmbhatt faces allegations of orchestrating a massive $500 million financial fraud in the United States, damaging India's business reputation globally.

RBI Launches 3 Key Economic Surveys Before December Policy

The Reserve Bank of India initiates three crucial economic surveys to assess inflation expectations and business sentiment, with findings directly influencing the upcoming Monetary Policy Committee decision in December.

Rupee Plunges 47 Paise to 88.69 vs Dollar

Indian rupee tumbles to 88.69 against US dollar as Federal Reserve's aggressive tone and weak domestic markets create perfect storm for currency decline. Key factors and market impact analyzed.

Rupee falls 21 paise to 88.43 against US dollar

Indian rupee continues downward trend, falling to 88.43 against US dollar as strong American currency and elevated crude oil prices pressure emerging market currencies. Forex traders remain cautious ahead of key economic data.

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