SBI Found Fraud Worth Rs 7,951.3 Crore In April-December, RTI Reply Shows
The State Bank of India has said as much as Rs 7,951.29 crore involving 1,885 cases of fraudulent activities have come to light during the first nine months of the current fiscal year.
In a reply to a right to information query, the nation's largest lender said, the first quarter reported 669 cases of fraudulent activities amounting to Rs 723.06 crore, the second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81 crore.
According to RTI activist Chandrashekhar Gaud, the bank shared the data on Feb. 25.
Though he had also sought information about the financial losses to its customers due to these fraudulent activities, the SBI refused to share the same saying such information is exempted from disclosure under section 7 (9) of the RTI Act of 2005.
The bank did not share details of frauds such as phishing, online, debit, credit cards fraudulent transactions or borrowers engaging in fraudulent activities with the borrowed money.