1 bank staffer held for fraud every four hours
At least one bank staffer is caught and punished for involvement in fraud every four hours on an average, according to data compiled by the Reserve Bank of India (RBI). Out of the 5,200 officials of public sector banks punished between January 1, 2015, and March 31, 2017, over 1,500 officials were employed with the State Bank of India (SBI).