Banks have reported more than 23,000 fraud cases, which involves Rs1 lakh crore in the past 5 years, RBI has stated in response to an RTI query. It said 5,152 cases of fraud, up from over 5,000 cases in 2016-17, were reported in banks from April 2017 to 1 March 2018. The highest ever amount of Rs 28,459 crore is said to have been involved in these cases of fraud reported from April 2017 to 1 March 2018. In 2016-17, banks had reported 5,076 cases of fraud involving Rs 23,933 crore. During the period 2013 to 1 March 2018, the total number of fraud cases was 23,866, the central bank said, and this involved over Rs 1 lakh crore in total amount defrauded. The response also mentioned that these fraud cases are processed, and action is taken according to the facts and circumstances of individual cases.
