Indian banks lose â¹70,000 crore due to frauds in last 3 yrs
Indian banks reported a total loss of about â¹70,000 crore due to frauds during the last three fiscals. The impact in 2017-18 at â¹36,694 crore was more than twice seen in the previous two years, each. Union Minister Shiv Pratap Shukla has said the data of frauds is as per the year of reporting and not the year of occurrence.