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18 PSU banks lost ₹1.48 lakh crore in bank frauds in FY 19-20: RTI

Indore: Despite all efforts of the Modi government, bank fraud cases not come down in the country. Due to increasing bank frauds, in the last financial year 2019-20, total 18 public sector banks suffered a loss of Rs 1,48,427.65 crore. Right to Information (RTI) activist Chandrashekhar Gaur (resident of Neemuch in Madhya Pradesh) told that the RBI has given this information under RTI.

Biggest loss to SBI
The Reserve Bank of India (RBI) reported that total 12461 fraud cases have been reported. According to RTI information, State Bank of India (SBI) became the biggest victim of fraud in the last financial year. During this period, 6,964 cases involving fraud of Rs 44,612.93 crore were reported by SBI. At the same time, 395 cases of fraud were reported by Punjab National Bank (April 1, 2019 to March 31, 2020) involving an amount of Rs 15,354 crore.
Bank Name Amount of bank fraud (in rupees)
Bank of Baroda Rs. 12,586.68 crore
Union Bank of India Rs. 9,316.80 crores
Bank of India Rs. 8,069.14 crores
Canara Bank Rs. 7,519.30 crore
Indian Overseas Bank Rs. 7,275.48 crore
Allahabad Bank Rs. 6,973.90 crore
UCO Bank Rs. 5,384.53 crore
Oriental Bank of Commerce Rs. 5,340.87 crore
Syndicate Bank Rs. 4,999.03 crore
Corporation Bank Rs. 4,816.60 crore
Central Bank of India Rs. 3,993.82 crore
Andhra Bank Rs. 3,462.32 crore
Bank of Maharashtra Rs. 3,391.13 crore
United Bank of India Rs. 2,679.72 crore
Indian Bank Rs. 2,254.11 crore
Punjab & Sind Bank Rs. 397.28 crore