Bank fraud cases are increasing in Kotak Mahindra Bank. The government has given this information in the Parliament. Minister of State for Finance Bhagwat Karad said that so far 642 fraud cases have been reported in the bank in the current financial year. Along with Kotak Mahindra, there have been banking frauds in many other banks as well.
new Delhi. In the cases of bank fraud in the country, the name of Kotak Mahindra Bank is at number one. In the first nine months of the year 2021-22, 642 incidents of bank fraud have come to the fore in Kotak Mahindra Bank. In these frauds, fraud of Rs 1 lakh or more has been done. In the case of bank fraud, after Kotak Mahindra, ICICI Bank is second and IndusInd Bank is at third place.
Minister of State for Finance Bhagwat Karad gave this information in Parliament on Monday. in parliamentBudgetDuring the session, the government told that Kotak Mahindra Bank has not only become a victim of fraud, but many other small and big banks have been rigged related to banking.
Fraud happened in these banks too
According to the information given by the government, a total of 518 cases of bank fraud have also come to the fore in ICICI Bank. IndusInd Bank has the third number in the maximum number of fraud cases. 377 cases of fraud have come to the fore in this bank. At the same time, there have been 235 fraud cases in Axis Bank, 151 in HDFC Bank and 159 in State Bank of India (SBI) during this period.
Fraud amount reduced in five years
Minister of State for Finance Bhagwat Karad told in Parliament that the total amount cheated by cyber crime has seen a decrease in the last five years. The Reserve Bank of India has been taking continuous steps to reduce cyber fraud for some time now. Due to this, there is a steady decrease in cases now. Along with this, all banks are trying to make their customers more cautious.
Cases are increasing in Kotak Mahindra
Minister of State for Finance Bhagwat Karad told the Parliament that there has been a steady increase in fraud cases in Kotak Mahindra Bank in the last few years. According to RBI data, 135 frauds were reported in the bank in the year 2017, 289 in 2018, 383 in the year 2019 and 652 in the year 2020. At the same time, in the year 2021, cases have reached 826. In the financial year 2021-2022, the number of frauds has reached 642 in the first 9 months.
