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Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

Posted On : Friday, June 7, 2019, 9:54 AM
Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it said. As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 percent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.
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