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View Full Version : Public Sector Banks lost Rs 2417 crore due to fraud in first quarter - Economic Times



FraudNews
12-17-2014, 05:21 AM
Public Sector Banks lost Rs 2417 crore due to fraud in first quarter (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEuYW15jLrT8xPSfUL_M0736IeELw&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=2SCRVLjSFoXNggej_oHADw&url=http://economictimes.indiatimes.com/news/economy/finance/public-sector-banks-lost-rs-2417-crore-due-to-fraud-in-first-quarter/articleshow/45541970.cms)
Economic Times
As per the Reserve Bank of India guidelines, all advances related to fraud cases of Rs 1 lakh and above are maintained under 'cheating and forgery' category. State Bank of India is the second on the list, having taken a hit of Rs 437 crore on account ...

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