Banks urged to upgrade with new technologies

July 7, 2011

Mangalore, July 7: Banks need to gear up to absorb new technologies and leverage to improve delivery of services for comfort of customers by adding value, said Ramnath Pradeep, chairman and managing director, Corporation Bank, here.

Pradeep, who is also the honorary chairman of Bankers' Club, was addressing the members of the Bankers Club of Mangalore at a meeting held at Corporate Office of Corporation Bank. He said banks should put in place strong and robust systems and adapt emerging technologies to draw economies of scale and reduce operational costs.

He said the club will be used for exchange of information mutually beneficial for sound business growth and avoid likely problems being faced by bankers. Technological innovation shall be fully exploited and results gained shall be utilized in making services competitive, Pradeep said.

Bankers' Club had arranged a presentation on emerging technologies and cloud computing by H Srikrishnan, co-founder and director of Vayane Services. B R Bhat, general manager, Corporation Bank, introduced the subject `Cloud Computing' and urged the bankers to make use of the opportunities.

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The £25,000 Trap: Mangaluru Man Duped of ₹13.4 Lakh in 'London Friend' Facebook Scam

News Network

November 26,2025

Mangaluru, Nov 26: Mangaluru East police have registered a case following a sophisticated online fraud where a 57-year-old local resident was allegedly cheated out of ₹13.4 lakh after being targeted on Facebook.

The scam began in February when the complainant, while browsing Facebook reels, was contacted by a woman identifying herself as "Lillian Mary George" from London. After establishing a chat relationship, the woman claimed she would visit India in November and bring a significant sum of money.

The trap was sprung on November 15, when the victim received a call from a woman named "Sonali Gupta," who claimed Lillian had arrived at Mumbai International Airport but was detained by customs. The fraudsters convinced the man that Lillian was carrying £25,000 (about ₹26 lakh) in traveller’s cheques and 1 kg of gold (valued at around ₹30 lakh).

Under the pretense of clearing these items, the victim was asked to make numerous online transfers between November 15 and 18 for various bogus charges, including:

•   "Pounds exchange registration"
•   "Customs declaration issues"
•   "Discount charges"
•   "Money-laundering charges"

Believing the fictitious story, the complainant transferred the cumulative sum of ₹13.4 lakh to various bank accounts provided by the fraudsters. He realised he was cheated when the culprits later promised a refund within two days but stopped answering his calls. The Mangaluru East police are now investigating the case, which highlights the continuing threat of transnational cyber fraud using social engineering and promises of fictitious wealth.

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