The fraud came to light when Mahesh Rana, an employee in RCF’s cash department, noticed a cheque of ₹48.50 lakh deposited on December 23 at the Malwani branch of Kotak Mahindra Bank by an ...

This replaces the unutilized USD 1.25 billion RCF put in place in 2023. The transactions were supported by a core banking group to Sandoz including Bank of America, BNP Paribas, Citi, Deutsche Bank, ...

According to the RCF Police, two separate attempts were made to encash the stolen cheques—one at a bank in Malad, Mumbai, and the other at an HDFC Bank branch in Sasaram, Bihar. However ...