Indian banks report decade-long fraud totaling Rs. 5.3 lakh crore
Image Credit: business standard
Over the past decade, Indian banks have disclosed frauds totaling an astonishing Rs. 5.3 lakh crore, as per data from the Reserve Bank of India (RBI). This information was revealed in response to a right to information (RTI) petition filed by Moneycontrol. A total of 462,733 frauds were reported by both private and public sector banks, between the financial years 2013-14 and 2022-23.