ICICI tops list of banks penalising staff for fraud in 2015-2017
Private sector lender ICICI Bank penalised the highest number of employees for their involvement in frauds between 2015 and 2017. In total, Scheduled commercial banks operating in India took action against 13,949 officials, of which 16%, or 2,236, belonged to ICICI, data presented in the Parliament showed. ICICI was followed by state-run banks SBI (1,287) and Punjab National Bank (1,127).