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

Cyber financial frauds in banking primarily relate to frauds th .....

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..... at 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 question in .....

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..... 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 Cards and Int .....

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..... ernet 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 Minister further stat .....

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..... ed 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 - Press release - PI .....

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..... B .....

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