Nationalised banks account for just 17.5 per cent of the fraud cases that have been registered in India’s banking system in the past four years. But what is alarming is that over 83 per cent of the cumulative losses of Rs 29,910 crore due to such acts occurred at state-run lenders, raising a question over the efficacy of systems in place in the wake of the Cobrapost expose. The data on frauds in the banking system was compiled by RBI based on information filed by the banks................
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