Banks, select financial institutions report frauds involving Rs 1.13 lakh crore in H1 of FY20: Nirmala Sitharaman

She said systematic and comprehensive checking, including legacy stock of PSBs' non-banking assets (NPAs), for frauds under the framework has been taken note of by the Reserve Bank of India (RBI) in its Financial Stability Report in December 2019, where it has observed that this has helped unearth frauds perpetrated over a number of years.

from Banking/Finance-Industry-Economic Times https://ift.tt/37T320V