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How banks can minimise losses from fraud
Rediff.com

How banks can minimise losses from fraud

25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017.'There is an inherent legacy when it comes to insuring crime.''Generally, most banks are uncomfortable in sharing data about employee fraud.'Advait Rao Palepu reports. In the wake of the Punjab National Bank scam, banks might take another look at their indemnity policies that cover specific operational risks. Currently, most banks buy indemnity covers for as low as Rs 20 million, going up to Rs 250 ... Rediff.com, 1 month ago

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Money Control, 1 month ago
Money Control, 1 month ago
Business Standard, 1 month ago
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