TaxTMI 
TaxTMI 
Scheduled Commercial Banks recover 90 crore from financial frauds in last 5 years
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....cheduled Commercial Banks recover 90 crore from financial frauds in last 5 years <br>News and Press Release<br>Dated:- 6-12-2021<br><BR>Cyber financial frauds in banking primarily relate to frauds tha....
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....t have taken place on ATM/ debit cards, credit cards and internet banking platforms. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in ....
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....Lok Sabha today. Giving more details, the Minister stated that as per RBI data on frauds reported by Scheduled Commercial Banks in the category "Card/Internet - ATM/Debit Cards, Credit Cards and Inte....
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....rnet Banking Fraud" for the last five financial years, based on the date of occurrence of frauds, state-wise and bank-wise details are at ANNEX-I and Annex-II respectively. The Minister further state....
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....d that recovery against such financial frauds is an ongoing process and as per RBI data, SCBs have so far recovered an amount of ₹ 90 crore during the said period.<BR> News - Press release - PIB....
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