INDIAN ARMED FORCES CHIEFS ON
OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS

 
SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years

— General Manoj Pande, Indian Army Chief

 
 
I am confident that SP Guide Publications would continue to inform, inspire and influence.

— Admiral R. Hari Kumar, Indian Navy Chief

My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.

— Air Chief Marshal V.R. Chaudhari, Indian Air Force Chief
       

Cyber fraud in banks

Issue No. 5 | March 01-15, 2013

The details furnished by the Reserve Bank of India (RBI) in respect of Scheduled Commercial Banks pertaining to frauds relating to ATMs/debit cards/ Internet banking and credit cards has been increasing in rupee terms.

In 2010, the number of cases reported was 15,018 and the amount involved was about Rs. 40 crore; in 2011 the cases reported were 9,588 and the amount of loss was about Rs. 37 crore and in 2012 the number of cases came down to 8,322 but the amount involved increased to nearly Rs. 53 crore.

RBI has informed that it does not have data on cyber frauds in the public sector banks that have turned into non-performing assets.