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Bank-wise Frauds Committed as Reported by Scheduled Commercial Banks and select Financial Institutions based on date of occurrence from 2014-15 to 2018-19 (From : Ministry of Finance)

Catalog Info

Chief Data Officer
Name: Shri Shashi Bhushan
Designation:
Joint Director
Ministry/State/Department: Rajya Sabha
Phone:
  • +91 1123035458
Address:
Room No. 142, Parliament House Annexe, New Delhi - 110001
Bank-wise Frauds Committed as Reported by Scheduled Commercial Banks and select Financial Institutions based on date of occurrence from 2014-15 to 2018-19 (From : Ministry of Finance)
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Others
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Source: RAJYA SABHA SESSION - 249 STARRED QUESTION NO. 327; NA: Not Available; amount involved Rs. 1 lakh and above; Data Amounts are Rs. in Crore Rs; Comprehensive measures have been taken to prevent frauds including directions to banks to examine all NPA accounts above Rs. 50 crore from the angle of possible fraud, initiation of criminal proceedings, enactment of Fugitive Economic offenders Act 2018, creation of Central Fraud Registry, empowering heads of Public Sector Banks to request for issue of Look Out Circular, establishment of the National Financial Reporting Authority, straight-through processing between Core Banking System and SWIFT and instituting in PSBs the system of obtaining certified copies of passport of promoters/directors of companies availing of loans exceeding Rs. 50 crore; Data on frauds furnished by RBI shows an overall declining trend in the incidence of frauds despite continuous growth in banking business, reflecting that the steps taken by the Government have been successful in checking bank frauds; Source: RBI.
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