PSBs reported frauds of over Rs 95,700 crore in April-September

"According to RBI, frauds as per year of reporting, as reported by PSBs, during the period from April 1, 2019 to Sep 30, 2019 is 5,743 involving a total amount of Rs 95,760.49 cr," FM said in Rajya Sabha. She further said that comprehensive measures have been taken to curb the incidence of frauds in banks, including freezing bank accounts of 3.38 lakh inoperative cos.

from Banking/Finance-Industry-Economic Times https://ift.tt/35e5Rru