As per Reserve Bank of India's annual report, the number of cases of frauds reported by banks saw a jump of 15% year-on-year basis in 2018-19, with the amount involved increasing by 73.8% in the year. In the fiscal year 2019, the banking sector reported 6,801 frauds involving Rs 71,542.93 cr as against 5,916 cases involving Rs 41,167.04 cr reported in 2017-18.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
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