76 banks report 5,076 cases of active banking frauds

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

In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar said State Bank of India reported 544 cases of such frauds 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 banks received 81,309 complaints about working style in 2016-17, of which 77,291 were disposed of.

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

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)