Frauds in PSBs dip 51 pc to Rs 40,295 crore; number of cases not falling fast enough: RBI
According to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (PNB), involving 431 such incidents. The country's largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases -- reflecting incidents of a large number of small value frauds.
Indian Banks' Association upbeat on July rollout of Digital Banking UnitsAll public sector banks, 10 private sector banks and one small finance bank have already initiated the work to have these units operational by July 2022.
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