As many as 2480 frauds were reported in the first quarter of 2019-20 involving a sum of Rs 31,893.63 crore in the 18 public sector banks in the country. This has been revealed in an RTI query recently. Of these banks, State Bank of India was at the top with 38% of the total amount involved, the response from the Reserve Bank of India to the RTI query indicated. There were 1197 frauds that involved Rs 12,012.77 crore in SBI along during the quarter. The second leading bank in the list was Allahabad Bank, which reported 381 cheating cases involving Rs 2855.46 crore. Punjab National Bank stood third with 99 cases worth Rs. 2526.55 crore. Bank of Baroda reported 75 cases involving Rs 2,297.05 crore, 45 cases and Rs 2133.08 crore in Oriental Bank of Commerce, 69 cases and Rs 2035.81 crore in Canara Bank, 194 cases and Rs 1982.27 crore in Central Bank of India, 31 cases and Rs 1,196.19 crore in United Bank of India, 16 cases and Rs 960.8 crore in Corporation Bank, 46 cases and Rs 934.67 crore in Indian Overseas Bank, 54 cases and Rs 795.75 crore in Syndicate Bank, 51 cases and Rs 753.37 crore in Union Bank of India, 42 cases and Rs 517 crore in Bank of India and 34 cases and Rs 470.74 cases in UCO Bank. Other banks, which fell victim to fraud included Bank of Maharashtra, Andhra Bank, Indian Bank and Punjab and Sind Bank. The RBI response said there are no specific figures available on the exact amount lost by the banks during the quarter.
