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ICICI Bank & SBI Among The Top Victims Of Bank Fraud In The Last 11 Years


Last week, the Reserve Bank of India (RBI) data showed that 53,334 cases of fraud involving a massive amount of Rs 2.05 lakh crore were reported in the last 11 years. Of these, over 50,000 cases were reported between 2008-09 and 2018-19, the highest number, that is, 6,811 cases were reported by ICICI Bank involving Rs 5,033.81 crore, according to a response to an RTI query filed by a PTI journalist.

ICICI Bank & SBI Among The Top Victims Of Bank Fraud In The Last 11 Years

This was followed by the country's largest commercial bank, SBI (State Bank of India), which reported 6,793 fraud cases involving Rs 23,734.74 crore.

The PTI report further showed that many Indian large public and private retail banks reported a high number of fraud cases.

Banks No of fraud cases Amount in Rs crores
HDFC Bank 2,497 1,200.79
Bank of Baroda 2,160 12,962.96
Punjab National Bank 2047 28700.74
Axis Bank 1,944 5,301.69
Bank of India 1,872 12,358.2
Syndicate Bank 1,783 5,830.85
Central Bank of India 1,613 9,041.98
IDBI Bank 1,264 5,978.96
Standard Chartered Bank 1,263 1,221.41
Canara Bank 1,254 5,553.38
Union Bank of India 1,244 11,830.74
Kotak Mahindra Bank 1,213 430.46

Among the international players as well, there were a good number of fraud cases reported in India in the last 11 years.

Banks No of fraud cases Amount in Rs crores
American Express Banking Corporation 1,862 86.21
Citi Bank 1,764 578.09
HSBC 1,173 312.1
Royal Bank of Scotland Plc 216 12.69

Read more about: bank fraud fraud sbi icici bank
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