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Source: Economic Times
Economic Times
Source
Fraud & Awareness
Category
4 min
Read time
21 Jul
Published
Fraud & Awareness
4 min read· Economic Times TrendingBanks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS Finance
Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve…
Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve
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Source: Economic Times