Going after Vijay Mallya? What about Rs 30,000 cr taxpayers lost in Air India

"What is the difference between Vijay Mallya who lost Rs 10,000 crore and Air India which lost Rs 30,000 crore? Bank money is lost (in case of KFA) and public taxpayer's money is lost (in AI's case)," asks Mohandas Pai, former Chief Financial Officer and HR Head of Infosys.

The only difference - Air India has a forgiving promoter - government of India who stood by the company despite the atrocious decisions taken by its management and those responsible for its growth and wellbeing. Read More.

Identity theft tops list of frauds, says Experian

Identity theft is the main reason for fraudulent transactions in the financial sector, says a report launched by Experian India.

“In India, identity theft accounts for 77 per cent of the Fraud Cases in Q1 2015. Among various financial products, auto loans, mortgage loans and credit cards have seen the largest number of fraud cases,” added the report.Read More.