RBI reports

RBI warns of the increasing rise in bank frauds

RBI warns of the increasing rise in bank frauds

September 7, 2018

The number of fraud cases which averaged 4,500 a year in the past 10 years, increased to 5,835 in 2017-18, according to RBI reports. Public sector banks (PSBs) accounted for 92.9 pc of the amount involved in frauds of more than INR 0.1 million in 2017-18, while private sector ban...

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