Bank frauds: 76 banks report 5,076 cases, losses worth Rs 16.78 lakh in FY17

New Delhi: A combined 5,076 cases of active banking frauds involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 banks during 2016-17, Parliament was informed on Tuesday


In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar said State Bank of India reported 544 cases of such frauds that caused a loss of Rs 1,91,295 lakh.

The minister further said that for ICICI Bank, the number of cases is 688 causing loss of Rs 36,844 lakh.

To a separate query, Gangwar said public banks received 81,309 complaints about working style in 2016-17, of which 77,291 were disposed of.

SBI received maximum complaints (30,581), followed by Punjab National Bank (6,227), Canara Bank (5,248) and Bank of Baroda (5,043).



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Loknath Das

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