- As many as 455 fraud cases were detected in ICICI Bank, says RBI data
- Frauds involving Rs 2,236.81 crore were reported in SBI
- It also revealed the involvement of bank staffs in fraud cases
During the first nine months of the current fiscal, as many as 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank, closely followed by SBI (429), Standard Chartered (244) and HDFC Bank (237).
The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150).
However, in value terms, frauds involving Rs 2,236.81 crore were reported in SBI, followed by Punjab National Bank (Rs 2,250.34 crore) and Axis Bank (Rs 1,998.49 crore).
The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.
In all, 450 employees were involved in fraud cases in different public and private sector banks during April-December 2016, in 3,870 cases involving a total value of Rs 17,750.27 crore.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)