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HomeNewsBusiness18 PSBs hit by 8,926 fraud cases totaling Rs 1.17 lakh cr in April-December: RTI
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18 PSBs hit by 8,926 fraud cases totaling Rs 1.17 lakh cr in April-December: RTI

In Punjab National Bank, 294 cases of banking fraud were reported during this period, with Rs 14,928.62 crore involved in it.

February 13, 2020 / 22:21 IST
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A total of 8,926 cases of fraud involving Rs 1.17 lakh crore hit 18 public sector banks during the first three quarters (April-December) of the current fiscal, a reply to an RTI query has revealed. The country's largest lender State Bank of India (SBI) was the biggest hit by frauds, RTI activist Chandrasekhar Gaur told PTI on Thursday quoting an official of the RBI who furnished replies to the RTI application.

SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019. This is about 26 per cent of the Rs 1,17,463.73 crore, which is the total amount of reported cases of banking frauds in PSBs during this period, he said.

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In Punjab National Bank, 294 cases of banking fraud were reported during this period, with Rs 14,928.62 crore involved in it.

During the period, 250 cases involving a total amount of Rs 11,166.19 crore were reported in Bank of Baroda.