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

Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 cr have been reported in 2018-19, the RBI said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 cr. In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore.

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