2,480 cases of fraud in PSBs involves over 30,000 crore: RBI

Reserve Bank of India
Reserve Bank of India (RBI)

New Delhi, Sep 10 : According to Reserve Bank of India’s data a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of current financial year 2019-20.

An activist Chandrashekhar Gaud said he filed RTI at RBI and sought details of bank fraud cases registered in 1st quarter of this financial year and amount involved.

” Most cases are related to State Bank of India -1197 where Rs 12,012.77 Cr is involved. Allahabad Bank comes 2nd with 381 cases where Rs 2855.45 Cr involved. PNB comes 3rd-99 cases with Rs 2526.55 Cr involved. RBI said data on extent of loss is not available with them,”he said.

An RTI activist from Neemuch town of the Malwa region has said,”In its reply, RBI informed that during the first quarter of ongoing financial year (April 1 to June 30), a total of 2,480 cases of fraud in 18 public sector banks involving an amount of over Rs 31,898.63 crore were registered,” he said.

The RTI activist said he had also asked about the losses incurred in these banks. “In its reply, RBI said it has no information in this regard,” said Gaud.

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