Bank Fraud Declines, To Rs 3,785 Crore In FY22: Bhagwat Karad

The amount involved in frauds reported by banks and select financial institutions based on the date of occurrence of fraud declined significantly from Rs 32,178 crore in 2019-20 to Rs 3,785 crore in 2021-22, Union minister Bhagwat Karad said on Monday.

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