Bank frauds claim ICICI Bank, SBI, HDFC Bank as top victims; lakhs of crores of rupees involved

Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported the highest number of cases, according to an RBI data. Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, the highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KIU0La