Punjab National Bank (PNB) , which has been in the news for the Rs 11,300 crore fraud isn’t the first bank to be scammed. Till December 21, 2017, over 25,600 banking fraud cases worth Rs 1.79 billion have been reported. And it is not just scams that banks are losing out their capital to, bad loans is another pain area. Between September 2013 and September 2017, the bad loans in the industry quadrupled from Rs 28,417 crore to over Rs 1.1 lakh crore.
from The Times of India http://ift.tt/2F9SPBZ
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