Fraud By Banks Condemnable, But Small Fraction Of Total Transactions: SBI | Read
As raids on banks and individuals across the country are throwing up hoards of black cash in new currency notes, questions are being asked if banks are complicit in money laundering. Talking to NDTV exclusively, Rajnish Kumar, the Managing Director of State Bank of India, India's largest bank, admits there are instances of fraud, but says it is only a small fraction of the total transactions.
