RBI annual report reveals lenders take nearly 5 years to detect large fraud
Updated : August 30, 2019 11:53 AM IST
Value of bank frauds in FY19 has risen 74 percent, shows RBI's annual report
Average lag between date of occurrence of fraud & detection by banks is 22 months
Banks are taking 55 months to detect fraud cases of over Rs 100 crore
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more