Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply
More stunning revelations of banking frauds are pouring in after the Rs 14,000-crore Punjab National Bank (PNB) fraud case came to light on January 16 this year. A Right to Information (RTI) reply has revealed that 21 public sector banks (PSBs) have incurred of Rs 25,775 crore losses due to banking frauds in the financial year 2017-18
Scam-hit PNB had incurred Rs 6461.13 crore lost, which is the highest among the banks, due to different cases of fraud during the financial year. Image source: PTI