Banks have reported 487 cases of ATM frauds in 2011, involving over Rs 7 crore -- triple the amount reported four years ago, Parliament was informed today. As many as 153 incidents of ATM frauds were noticed in the calendar year 2008, involving an amount of Rs 2.46 crore, finance minister P Chidambaram told the Rajya Sabha in a written reply. He said the Reserve Bank does not maintain a separate data on the nature of ATM frauds..........
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