In the past five years, over 23,000 fraud cases have been reported in various banks involving an astonishing amount of Rs 1 trillion, as per a Reserve Bank of India (RBI) report.
Of the total, 5,152 cases of fraud were reported in the financial year 2017-18, which amounted to Rs 28,459 crore. This was higher than the 5,076 cases were reported in 2016-17 amounting to Rs 23,933 crore.
Over the period of 5 years (March 2013 to 2018), 23,866 cases were reported, each involving over Rs 1 lakh. The total crossing over Rs 1 trillion.
The complete list of the 5 years
|FY||Number of Cases||Amount (Crores) (Rs)|
The most prominent among the bank frauds remains the over Rs 13,000 crore fraud reported by Punjab National Bank involving millionaire Nirav Modi and his uncle Mehul Choksi.