Even Note ban of Modi government proves ineffective, loss of crores in bank fraud
Even Note ban of Modi government proves ineffective, loss of crores in bank fraud
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New Delhi: Although many reliefs have been given in the banking sector in this budget session, there has been an attempt to strengthen their book through the bank merger, but the chain of bad news coming from the banking sector is over. Not taking names. In which in the first 3 quarters of 2019, the country's banks have suffered a loss of Rs 1.17 lakh crore in RTI. Overall, more than half of the cases are seen by the State Bank of India. State Bank of India is coming at number one. The same is with the rest of the banks after that.

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The cases of fraud in the banking sector have not decreased even after taking many strict steps. The same is continuously increasing in this case. This time, it has been revealed in the RTI revelations that in the fiscal year 2019-20, in the quarters from April to December, a total of 8926 cases of bank fraud have been reported. This amount of the same bank fraud is 1.17 lakh crores. Whereas in the time period from April 1, 2019 to September 30, 2019, a total of 5,743 cases of frauds worth Rs 95,760.49 crore are reported. Thus, during the quarter from October to December, there were 3183 more cases of bank fraud.

Talking about the amount, then in the same period an amount of 21250 crore rupees has been fraudulent. It is believed that. The Reserve Bank has not given much information about the fraud on this matter. It has also not been told by the RBI how much loss has been caused to banks and customers. If you believe, due to the increasing cases in the banking sector, the customers do not celebrate their money securely. In order to end such fraud cases, the Modi government also closed the note, but it seems there is no visible effect on it either.

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