323 frauds in UCBs, 482 in state co-op banks in FY21: FM

Finance minister Nirmala Sitharaman said urban cooperative banks reported 323 frauds in FY21 as against 568 in the previous year and 1,193 in FY19. Similarly, state cooperative banks witnessed 482 frauds in FY21, down from 508 in the previous fiscal but much higher than the FY19 level of 290, she said in a written reply to a question.

from Banking & Finance – The Financial Express https://ift.tt/37tY8J8