Maharashtra recorded in the financial year 2020-2021 bank fraud 6,807 crore, while a bank fraud of Rs 1,530 crore was registered in Delhi.
Minister of State for Finance Bhagwat Karad in a written reply to a question in Rajya Sabha said that during the April-December period of 2021-22, the amount involved in bank fraud was Rs 648 crore.
Among banks, in the first nine months of 2021-22, Kotak Mahindra Bank has reported the highest number of frauds at 642 involving Rs 1 lakh and above, followed by ICICI Bank and IndusInd Bank at 518 and 377 respectively.
Minister of State for Finance Bhagwat Karad said banks have recovered over Rs 7.34 lakh crore in non-performing assets and written off loan accounts in the last six years and in the first six months of the current financial year, including fraud. as reported. In a written reply in Rajya Sabha, the government said Parliament on Tuesday.
On recovery of fraudulent amount, the minister said that Rs 55,895 crore has been recovered in the last six financial years and in the current financial year till December 31, 2021, he said.
the minister said reserve Bank of India The Master Directions on Frauds were issued to banks in 2016 and the government has undertaken comprehensive structural and procedural reforms to check frauds in banks.
He said that these systematic and comprehensive investigations of frauds including old stock of non-performing assets unearthed the frauds that took place over the years.
With these steps, the amount of fraud has come down from Rs 68,962 crore in 2015-16 to Rs 11,583 crore in 2020-21.