Stay updated with breaking news from Funds recovery. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TECH NEWS : A Bengaluru woman entrepreneur lost Rs 2.7 crore in an online scam but managed to recover Rs 1.7 crore by alerting police. With the quick filing of co ....
Many laws governing the banking industry have also evolved to accommodate rapid changes that are driving innovation at breakneck speed. However, some attitudes among bankers and regulators have lagged behind, and don t reflect the digital age. One such laggard is the wilful defaulter label. This classification is unique to India among all big economies, and it defies logic in the era of data analytics and AI. A wilful defaulter is a borrower with enough money but isn t repaying banks. The dubious category also includes those that siphoned funds and left businesses high and dry. ....
Despite increased awareness, knowledge among people to detect scams, some fraudulent activities have evolved to be more sophisticated and deceptive. ....