Indore: Twenty-one public sector banks (PSBs) have incured losses totaling Rs 25,775 crore because of banking scams in the financial year 2017-18, a Right to Information reply (RTI) has answered.

The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud during the fiscal that ended on March 31 this year, Chandrasekhar Gaud, who had lodged the RTI with the Reserve Bank of India, told PTI today.

He further said that the reply, which was sent to him on May 15, did not spell out details of any particular case of banking fraud.

One of the major banking scams, purportedly involving Gem-jewelers Nirav Modi and Mehul Choksi and PNB officials, is being at present investigated by the Central Bureau of Investigation.

The probe agency has filed two charge sheets in the special CBI court in Mumbai in connection with the Rs 12,636 crore PNB scam.

The RTI reply noted that the State Bank of India had, during this period, incurred losses of Rs 2390.75 crore due to various cases of banking fraud.

In the given period, the Bank of India had incurred a loss of Rs 2,224.86 crore, while Bank of Baroda's losses stood at Rs 1,928.25 crore, Allahabad Bank at Rs 1,520.37 crore, Andhra Bank at Rs 1,303.30 crore and Uco Bank at Rs 1,224.64 crore.

The RTI reply told that the IDBI Bank incurred losses of Rs 1,116.53 crore, Union Bank of India had losses of Rs 1,095.84 crore, Central Bank of India of Rs 1,084.50 crore, Bank of Maharashtra of Rs 1,029.23 crore and Indian Overseas Bank had incurred a thrashing of Rs 1,015.79 crore.

The RBI has explained in the RTI that only those cases of same, involving a sum of over Rs 1 lakh, were included in the list.

However, the RTI reply did not disclose the numbers of cases or the nature of scam.