Sunday, May 15, 2022

Frauds in PSBs dip 51 pc to Rs 40,295 cr in FY22; number of cases not falling fast enough: RBI

According to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (PNB), involving 431 such incidents. The country's largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases -- reflecting incidents of a large number of small value frauds.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/frauds-in-psbs-dip-51-pc-to-rs-40295-crore-number-of-cases-not-falling-fast-enough-rbi/articleshow/91576667.cms

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