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Over 5,000 Bankers Punished for Frauds in 2 Years
February 22, 2018
According to the data with the central bank RBI, in every 4 hours, at least one banking executive is caught for fraud in the country.
The data shows that around 5,200 bankers were found to be involved in banking frauds during January 1, 2015, and March 31, 2017. The highest number of fraudsters were found with the public sector State Bank of India at 1,538. Indian Overseas Bank took the second position with 449 executives that were found to be involved in various frauds.
