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

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

PTI July 26, 2017 08:36:39 IST
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

Bank frauds 76 banks report 5076 cases losses worth Rs 1678 lakh in FY17

PTI

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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