Banks lost â¹17,000 crore to frauds in FY17: Finance Ministry
The Finance Ministry has revealed that banks lost â¹16,789 crore due to frauds in last fiscal. Union Minister Shiv Pratap Shukla said incidents of bank robbery, dacoity and burglary were reported across the country during 2016-17 and the amount involved in such incidents was â¹65.3 crore. The ministry revealed that fake new currency seized recently are scanned or photocopied notes.