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Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India. It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
This scam dates back to the 1580s, where the fictitious prisoner would promise to share non-existent treasure with the person who would send him money to bribe the guards. Today scam letters are a general part of electronic life, ending up in mailboxes in hordes.
The bank initially said that two of its employees at the branch were involved in the scam, as the bank's core banking system was bypassed when the corrupt employees issued LOUs to overseas branches of other Indian banks, including Allahabad Bank, Axis Bank, and Union Bank of India, using the international financial communication system, SWIFT.
Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these eight signs of a fake debt collection scam. 1.
Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
Alternatives to startup business loans. Startup loans are a useful source of funding for new companies. But like any form of financing, they have pros and cons. It’s important to consider all of ...
The Valmiki Corporation scam was a major Indian financial fraud scam involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation (KMVSTDC) that occurred in 2024. [ 1 ] The scam was discovered after the suicide of 52-year-old corporation superintendent Chandrasekaran P. who left behind a suicide note detailing corruption ...