Scheduled Commercial Banks recover ₹ 90 crore from financial frauds in last 5 years

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..... Scheduled Commercial Banks recover ₹ 90 crore from financial frauds in last 5 years - News and Press Release Dated:- 6-12-2021 - News - Cyber financial frauds in banking primarily relate to fr .....

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..... auds that have taken place on ATM/ debit cards, credit cards and internet banking platforms. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a ques .....

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..... tion in Lok Sabha today. Giving more details, the Minister stated that as per RBI data on frauds reported by Scheduled Commercial Banks in the category Card/Internet ATM/Debit Cards, Credit Card .....

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..... s and Internet Banking Fraud for the last five financial years, based on the date of occurrence of frauds, state-wise and bank-wise details are at ANNEX-I and Annex-II respectively. The Mini .....

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..... ster further stated that recovery against such financial frauds is an ongoing process and as per RBI data, SCBs have so far recovered an amount of ₹ 90 crore during the said period. - News - .....

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..... Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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