Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping ₹2.05 lakh crore, a highest of 6,811 were reported by the ICICI Bank involving ₹5,033.81 crore.
The state-run State Bank of India (SBI) reported 6,793 fraud cases involving ₹23,734.74 crore followed by HDFC Banks which recorded 2,497 such cases involving ₹1,200.79 crore, according to the data given by the central bank in response to an RTI query filed by this correspondent.
The Bank of Baroda reported 2,160 fraud cases (involving ₹12,962.96 crore), Punjab National Bank 2,047 frauds ( ₹28,700.74 crore) and Axis Bank had 1,944 fraud cases involving RS 5,301.69 crore public money.
As many as 1,872 frauds involving ₹12,358.2 crore was reported by Bank of India, 1,783 by Syndicate Bank ( ₹5830.85 crore) and Central Bank of India’s 1, 613 cases involving ₹9041.98 crore, the data shows.
IDBI Bank Ltd reported 1,264 fraud cases involving ₹5978.96 crore, Standard Chartered Bank 1,263 cases involving ₹1221.41 crore, Canara Bank 1,254 cases of ₹5553.38 crore, Union Bank of India 1,244 frauds of ₹11,830.74 crore and Kotak Mahindra 1,213 cases involving ₹430.46 crore.
In that period, Indian Overseas Bank reported 1,115 frauds involving ₹12,644.7 crore, while Oriental Bank of Commerce 1040 cases of ₹5,598.23 crore.
The United Bank of India reported 944 cases of frauds involving ₹3052.34 crore, State Bank of Mysore 395 cases of ₹742.31 crore, State Bank of Patiala 386 cases ( ₹1178.77 crore), Punjab and Sind Bank 276 cases ( ₹1154.89 crore), UCO Bank 1081 frauds ( ₹7104.77 crore), Tamilnad Mercantile Bank Ltd 261 cases ( ₹493.92 crore) and Lakshmi Vilas Bank Ltd reported 259 frauds ( ₹862.64 crore).
Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years.
American Express Banking Corporation reported 1,862 fraud cases of ₹86.21 crore, Citi Bank 1,764 cases of ₹578.09 crore, Hongkong and Shanghai Banking Corporation (HSBC) Ltd 1,173 frauds of ₹312.1 crore and The Royal Bank of Scotland Plc reported 216 frauds involving ₹12.69 crore, the RBI data said.
A total of 274 cases of frauds were reported by the State Bank of Travancore involving ₹694.61 crore, Jammu and Kashmir Bank Ltd reported 142 such cases of ₹1639.9 crore, The Industrial Finance Corp of India had nine cases of ₹671.66 crore, The Dhanlakshmi Bank Ltd 89 cases of ₹410.93 crore and Vijaya Bank reported 639 cases involving ₹1,748.9 crore, it said.
Yes Bank Ltd reported 102 fraud cases involving ₹311.96 crore and Paytm Payments Bank Limited reported two cases of ₹0.02 crore (or ₹2 lakh), it said.
PTI had on June 3 reported that as many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of ₹71,542.93 crore in the last fiscal, quoting data from the RBI.
After the story was published, the Congress party held a press conference the next day and demanded that the BJP government issue a "White Paper" on rising bank frauds in the country.
During 2008-09, a total of 4,372 cases were reported involving an amount of ₹1,860.09 crore. In 2009-10, ₹1,998.94 crore worth fraud was reported in 4,669 cases.
A total of 4,534 and 4,093 such cases were reported in 2010-11 and 2011-12 involving ₹3,815.76 crore and ₹4,501.15 crore, respectively.
In the 2012-13 fiscal, 4,235 fraud cases involving ₹8,590.86 crore were reported by banks as against 4,306 cases (involving ₹10,170.81 crore) in 2013-14 and 4,639 cases (involving ₹19,455.07 crore) in 2014-15.
As many as 4,693 and 5,076 cases of fraud were reported in 2015-16 and 2016-17 involving ₹18,698.82 crore and ₹23,933.85 crore, respectively, it said.
A total of 5,916 such cases were reported by banks in 2017-18 involving ₹41,167.03 crore.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.