INDIAN BANKS REPORTED a total of 13,530 frauds in FY23, sharply higher than 9,097 reported in FY22, according to the Reserve Bank of India's annual report.
In value terms, however, the amount involved in frauds reduced to ₹30,252 crore from ₹59,819 crore in the previous fiscal.
"An assessment of bank group-wise fraud cases over the past three years indicates that while private sector banks reported maximum number of frauds, public sector banks continued to contribute the maximum to the fraud amount during 2022-23," the report said.
Bu hikaye Financial Express Mumbai dergisinin May 31, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin May 31, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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