In 2016-17, bank frauds stood at Rs 61,229 crore, which declined to Rs 11,583 crore in 2020-21 and then to Rs 648 crore during April-December 2021-22, Minister of State for Finance Bhagwat Karad said in a written reply to the Lok Sabha. Improved detection and reporting along with comprehensive steps resulted in sharp decline of such frauds, he said.from Banking/Finance-Industry-Economic Times https://ift.tt/g1YverC
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