76 banks report 5,076 cases of active banking frauds in FY17, says Gangwar

MoS for Finance said that SBI reported 544 cases of frauds which caused a loss of Rs 1,91,295 lakh

Press Trust of India  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

A combined 5,076 cases of active banking involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 during 2016-17, Parliament was informed today.

In a written reply to the Rajya Sabha, Minister of State for said State Bank of India (SBI) reported 544 cases of such that caused a loss of Rs 1,91,295 lakh.


The minister further said that for ICICI Bank, the number of cases is 688 causing loss of Rs 36,844 lakh.

To a separate query, Gangwar said public received 81,309 complaints about working style in 2016-17, of which 77,291 were disposed of.

received maximum complaints (30,581), followed by Punjab National Bank (6,227), (5,248) and Bank of Baroda (5,043).

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