PSB fraud is down 51% to Rs 40,295 crore, yet the number of cases is still rising: RBI0

• India
• May 16, 2022

During the financial year ending March 2022, public sector banks reported a 51% decrease in the amount involved in frauds, to Rs 40,295.25 crore, according to the Reserve Bank of India. The Reserve Bank said in response to a request under the Right to Information Act that the 12 PSBs (Public Sector Banks) recorded frauds