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1,329 Fraud Cases During April-December Cost SBI ₹5,555 crores
October 31, 2018
India’s largest lender State Bank of India (SBI) reported 1,329 cases of fraud between April and December that cost it to the tune of ₹5,555 crores. This information came to light because of an RTI query raised by activist Chandrashekhar Gaud.
SBI said that it lost ₹723 crores to 669 frauds in the first quarter, and ₹4,832 crores in the second quarter.
Photo credit: kenteegardin on Visual Hunt / CC BY-SA
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