It was in August 2019, that the Reserve Bank revealed in its Annual Report that there was a 73% rise in bank frauds in FY 2019. They jumped from Rs.41167 crores in FY 2018 to Rs.71543 crores in FY 2019. In terms of number of fraud cases too, there was a 15% increase in cases from 5916 in FY 2018 to 6801 in FY 2019. In this episode of Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take. #BankFraud #PMCBankCrisis #PNBFraud
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