Fraud

MobiKwik reports Rs 1.26 crore fraud by ex-employee

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 19:08 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

27 Jan 2025, 16:08 PM

The payments bank hired KPMG to conduct an independent investigation.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 22:45 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

24 May 2024, 23:17 PM

The Delhi High Court also asked BharatPe's former MD to deposit his Emirates ID issued by the UAE government.

Fintech Highlights

  1. MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

  2. RBI committee proposes AI framework for financial services sector

  3. Slice launches second UPI-integrated branch in Gurugram

  4. BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

  5. ICICI hikes minimum balance requirement; Draws flak from Kotak exec
  6. Read more news...

AI/Emerging Tech

  1. xAI co-founder Igor Babuschkin steps down to launch own venture

  2. Anthropic acquires team behind Humanloop

  3. Perplexity AI launches bold pitch to buy Google's Chrome for $34.5 billion

  4. AI unicorn Fractal Analytics files draft papers for IPO

  5. Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt
  6. Read more news...

Editor's Pick

  1. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained