ICICI Bank, SBI top bank frauds list: RBI

Posted on:14 Mar 2017 18:16:40
ICICI Bank, SBI top bank frauds list: RBI
14 March 2017 Current Affairs: As per RBI data, ICICI Bank topped the list of banks that witnessed most number of frauds during April to December period of 2016 with state-owned SBI taking the second spot.

During the first nine months of the current fiscal, as many as 455 fraud cases, involving 1 lakh rupees and above, were detected in ICICI Bank, closely followed by SBI with 429, Standard Chartered with 244 and HDFC Bank with 237.

However, in value terms, frauds involving 2,237 crore rupees were reported in SBI, followed by Punjab National Bank with 2,250 crore rupees and Axis Bank with 1,998 crore rupees.
As per RBI data, ICICI Bank topped the list of banks that witnessed most number of frauds during April to December period of 2016 with state-owned SBI taking the second spot.

During the first nine months of the current fiscal, as many as 455 fraud cases, involving 1 lakh rupees and above, were detected in ICICI Bank, closely followed by SBI with 429, Standard Chartered with 244 and HDFC Bank with 237.

However, in value terms, frauds involving 2,237 crore rupees were reported in SBI, followed by Punjab National Bank with 2,250 crore rupees and Axis Bank with 1,998 crore rupees.

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