Greater due diligence, fund utilisation audits can check bank frauds: Experts

RBI's report said frauds have been predominantly occurring in the loan portfolio (advances category), both in terms of number and value. There was a concentration of large value frauds, with the top fifty credit-related frauds constituting 76 per cent of the total amount reported as frauds during 2019-20.

from Banking & Finance – The Financial Express https://ift.tt/32SOXPR