Wednesday, April 8, 2015

Rs. 27,000 crore lost in Banking Frauds including cyber frauds from last five years

Rs. 27,000 crore lost in Banking Frauds including cyber frauds from last five years
Cheating and forgery have led to public and private sector banks losing as much as Rs.27,000 crore cumulatively in the last five years, reveals information obtained by dna News Paper under the Right to Information (RTI) Act.
And even this is just a conservative estimate with the actual losses being several thousand crores more. More than 11,500 cases of cheating and forgery of amounts involving Rs.1 lakh and above were reported by banks to RBI. 
SBI reported 1,124 cases the worst hit with losses of Rs.3,494 crore. Of the Rs.27,000 crore losses, public sector banks accounted for Rs.24,000 crore and the rest Rs.3,000 crore was reported by private sector banks. While SBI headed the list, ICICI Bank leads the list of private sector banks with losses of Rs.1,089 crore in 1,776 cases - the highest amongst all banks.
I only won Court Orders worth 3.5 Crores for Online Banking and Credit Card Frauds to be returned to my clients only in Mumbai City and only handle another 6-7 crore matters which are pending..Huh such huge loss to Indian Citizens. RBI & Central Government Do something .
Pic Source : DNA




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