Bank fraud cases are on the rise at Kotak Mahindra Bank. The government has provided this information to Parliament. Finance Minister Bhagwat Karad said so far 642 cases of fraud have been reported to the bank this financial year. Along with Kotak Mahindra, there have been bank fraud and many other banks.
New Delhi. In cases of bank fraud in the country, the name of Kotak Mahindra Bank is high. In the first nine months of 2021-22, 642 bank fraud cases have been reported in Kotak Mahindra Bank. In this scam, fraud has been leveled at Rs 1 lakh or more. In the case of bank fraud, after Kotak Mahindra, ICICI Bank is in second place and IndusInd Bank is in third place.
Finance Minister Bhagwat Karad presented the information to Parliament on Monday. parliamentary BudgetDuring the meeting, the government stated that Kotak Mahindra Bank was not only a victim of fraud, but also many other small and large banks that had been linked to banks.
In these banks fraud occurs
According to government data, a total of 518 bank fraud cases have been reported to ICICI. IndusInd Bank ranks third in the number of fraud cases. A total of 377 fraud cases have been reported to the bank. At the same time, there were 235 fraud cases against Axis Bank, 151 at HDFC Bank and 159 at the State Bank of India (SBI) during this period.
The amount of fraud has been reduced in five years
State Finance Minister Bhagwat Karad has told Parliament that the amount of fraudulent cybercrime has dropped over the past five years. The Reserve Bank of India has taken ongoing steps to reduce online fraud over the long term. As a result, there is a steady decline in cases now. In line with this, all banks are striving to make their customers more cautious.
Cases are on the rise in Kotak Mahindra
National Finance Minister Bhagwat Karad has told Parliament that fraud cases have been on the rise in Kotak Mahindra Bank over the past few years. According to RBI data, 135 frauds were reported to the bank in 2017, 289 in 2018, 383 in 2019 and 652 in 2020. At the same time, by the year 2021, the cases reached 826. For the 2021-2022 financial year, the number of frauds has reached 642 in the first 9 months