Public sector banks account for 85% of bank fraud cases: RBI
Public sector banks accounted for over 85% of total fraud cases reported in the banking system in 2017-18, according to an RBI report. The banking system reported 6,500 frauds, amounting to more than â¹30,000 crore. While most of the banking frauds were loan-related, card and internet banking related scams also contributed to the sharp rise in total frauds.