National Tourism Awards acknowledge Yes Bank for the best Responsible Tourism initiative

first_imgYes Bank has bagged a National Tourism Award for the ‘Most Responsible Tourism Project/Initiative’ at the recently held award ceremony, instituted by Ministry of Tourism.Yes Bank is the first bank to receive the prestigious National Tourism Award for its unique ‘Edge of India’ initiative, which focuses on developing cooperative tourism models to ensure livelihood security of local communities.“Yes Bank is honoured to be the first bank to receive the prestigious National Tourism Award from the Government of India for its unique ‘Edge of India’ initiative which is focused on developing cooperative tourism models to ensure livelihood security of local communities. This significant national recognition further inspires us to continue working closely with the government, industry, local communities and all stakeholders in the tourism value chain to create an enabling policy environment to fully unlock India’s global potential in tourism-an engine of economic growth and job creation,” said Rana Kapoor, Founder and Managing Director of Yes Bank.The ‘Edge of India’ initiative is a community tourism initiative that aims to deliver sustainable socio-economic development through capacity building of rural communities. The project has so far been carried out in four villages-Bageshwar, Ranikhet and Pithoragarh districts of Uttarakhand and Purulia in West Bengal.last_img read more

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FBI Suspicious Activity Reports Up for Mortgage Fraud

first_img March 5, 2012 529 Views FBI: Suspicious Activity Reports Up for Mortgage Fraud in Government, Origination, Secondary Market, Servicing, Technology Mortgage fraud caseload rose last year as federal insurers reported more suspicious activity, according to the “”Federal Bureau of Investigation””:http://www.fbi.gov/ (FBI).[IMAGE]_Source_: “”FBI Financial Crimes Report””:http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Mortgage[COLUMN_BREAK]The agency reported recently that so-called suspicious activity reports (SARs) ascended from 70,533 in 2010 to 93,508 last year, a shift that reportedly helped FBI investigators land 1,223 indictments and 1,082 convictions for mortgage fraud last year.The FBI touted big payouts for victims in a report that found $1.38 billion in restitutions, $116.3 million in fines, and seizures worth roughly $15.7 million from last year.Pending cases for mortgage fraud meanwhile fell from a new high of 3,129 two years ago to 2,691 in 2011, while damages in fraud-related SARs stepped down from $3,238 in 2010 to $3,029 last year.Personnel rose with demand, as the FBI said that it more than doubled agents on payroll to 325 last year, up from 120 in 2007.The agency said that pending mortgage fraud cases fell as originations overall reached their lowest level since the early 2000s.It reported that distressed homeowner fraud had taken over from mortgage origination fraud as the primary source of problems for the agency.center_img Agents & Brokers Attorneys & Title Companies Lenders & Servicers Mortgage Fraud Processing Service Providers 2012-03-05 Ryan Schuette Sharelast_img read more

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