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SBI reports 1,329 fraud cases worth Rs 5,555 cr in Apr-Sep 2018

9 October, 2018 5:22 PM
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As many as 1,329 cases of fraud, involving an amount of Rs 5,555.48 crore, came to light in country's largest bank State Bank of India (SBI) in first six months of the current fiscal year, an RTI query has revealed.

In response to a query of RTI activist Chandrashekhar Gaud, SBI said that 669 cases of fraud amounting to Rs 723.06 crore were reported in the first quarter (April-June), while 660 cases, involving an amount of Rs 4,832.42 crore, came to light in the second quarter (July-September).

The analysis of these statistics shows that in the second quarter, the number of fraud cases reported in SBI reduced by just nine, while the amount involved rose by about 568.33 percent over the first quarter.

Source: moneycontrol.com

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