IDBI Bank has said five of its branches in Andhra Pradesh and Telangana were defrauded through the issue of loans worth Rs772 crore for fish farming. Photo: MintThe arc of bank frauds keeps expanding. Then it was State Bank of India (SBI). Union Bank of India followed. Officials in bank branches collaborated with borrowers to carry out the frauds.

Source: Mint March 28, 2018 18:11 UTC