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

Fraud

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.

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“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.

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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.

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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.

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