Banks reported 44,016 cases of fraud involving Rs 1,85,624 cr in last 11 yrs

July 10, 2019 |
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Banking
Banks reported 44,016 cases of fraud involving Rs 1,85,624 cr in last 11 yrs

 New Delhi: Banks and select financial institutions have reported 44,016 cases of fraud in the last 11 years beginning 2008-09 involving amount of Rs 1,85,624 crore, Rajya Sabha was informed on Tuesday. The year 2016-17 witnessed reporting of 3,927 cases of fraud involving amount of Rs 25,883.99 crore, which was the highest in the last 11 years, Minister of State for Finance Anurag Singh Thakur said in a written reply to the Rajya Sabha. 

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