â¹1.10 lakh crore lost to bank frauds since 2015: RBI data
According to a data released by the RBI, over â¹1.10 lakh crore has been lost due to bank frauds since 2015. The number of such frauds has gone up from 4,693 to 5,917 between 2015-16 and 2017-18. The total number of frauds involving an amount more than â¹1 lakh each year, has gone up by around 20%, the data observed.