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Bank fraud touches unprecedented Rs 71,500 crore in 2018-19, says RBI

Updated : June 03, 2019 08:31 PM IST

As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal.
In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore.

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