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flag HSBC Bank reports fraud from 38 improperly issued credit cards, resulting in a loss of ₹1.26 crore.

flag HSBC Bank reported a fraud case involving 38 credit cards issued without proper verification, leading to a loss of ₹1.26 crore. flag The cards were issued online, and the fraud was detected when several cards exceeded their spending limits. flag The bank has blocked 17 of the 55 involved cards and filed a complaint with the police. flag The case highlights the need for stricter document verification in financial transactions.

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