76 banks lost over â¹16,700 crore due to frauds
Minister of State for Finance Santosh Gangwar has said that 76 banks reported a combined 5,076 cases of active banking frauds involving over â¹1 lakh, which caused losses of â¹16,788 crore during 2016-17. He further said that ICICI Bank reported 688 cases causing loss of â¹368 crore while SBI reported 544 cases that caused a loss of over â¹1,900 crore.