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Four-fold jump in quantum of money defrauded from banks in last 4 years, says RBI

Updated : December 31, 2018 10:23 PM IST

Looking at the progress in the first half of the ongoing fiscal, the pace of frauds seems to be continuing on the upward trajectory, the RBI data said.
In the financial stability report, the RBI said 5,917 frauds involving an amount of Rs 41,167 crore were reported by the banks in fiscal year 2017-18, as against 4,306 frauds entailing an amount of Rs 10,170 crore in FY14.
Four-fold jump in quantum of money defrauded from banks in last 4 years, says RBI

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