5,076 active cases of banking fraud: Santosh Kumar Gangwar informs RS

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76 banks across the nation have reported 5,076 cases of active banking fraud during 2016-17.

The fraudulent cases reported by the banks involving  Rs 1 lakh or more caused losses of Rs 16,78,853 lakh.

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

He further added that ICICI Bank had reported 688 cases, causing a loss of Rs 36,844 lakh to the private lender.

In addition to this, the minister informed that the public banks received 81,309 complaints about the working style in 2016-17, of which 77,291 were disposed of.

While public lender SBI received maximum complaints (30,581), other banks such as  Punjab National Bank, Canara Bank and Bank of Baroda received 6,227, 5,248 and 5,043 cases respectively.