The Bank of Baroda reported 2,160 fraud cases (involving ₹12,962.96 crore), Punjab National Bank 2,047 frauds ( ₹28,700.74 crore) and Axis Bank had 1,944 fraud cases involving RS 5,301.69 crore public money. As many as 1,872 frauds involving ₹12,358.2 crore was reported by Bank of India, 1,783 by Syndicate Bank ( ₹5830.85 crore) and Central Bank of India’s 1, 613 cases involving ₹9041.98 crore, the data shows. IDBI Bank Ltd reported 1,264 fraud cases involving ₹5978.96 crore, Standard Chartered Bank 1,263 cases involving ₹1221.41 crore, Canara Bank 1,254 cases of ₹5553.38 crore, Union Bank of India 1,244 frauds of ₹11,830.74 crore and Kotak Mahindra 1,213 cases involving ₹430.46 crore. In that period, Indian Overseas Bank reported 1,115 frauds involving ₹12,644.7 crore, while Oriental Bank of Commerce 1040 cases of ₹5,598.23 crore. Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years.

Source: Mint June 12, 2019 10:41 UTC