<h1>Finance Ministry Targets Bank Fraud with New Measures; Focus on Large-Value Frauds and Wilful Defaults.</h1> The Ministry of Finance has implemented measures to combat fraudulent banking practices. Key actions include a framework for detecting and investigating large-value bank frauds, requiring examination of non-performing assets over Rs. 50 crore for potential fraud, and initiating wilful default investigations. The Fugitive Economic Offenders Act, 2018, aims to prevent economic offenders from evading legal processes. Public Sector Banks must obtain certified copies of passports for significant loan facilitators and consider publishing wilful defaulters' photos. The National Financial Reporting Authority was established to enforce auditing standards. Additionally, 3.38 lakh inoperative company bank accounts were frozen to enhance transparency.