SBI took action against 1,287 officials over fraud in past three years
In an written answer to Rajya Sabha, MoS Shiv Pratap Shukla said that 13,949 bank officials from 60 public and private banks were penalised for fraud from 2015 to 2017.
- Dec 17, 2018,
- Updated Dec 17, 2018 8:58 PM IST
Among all the public sector banks in India, State Bank of India (SBI) saw the highest number of employees penalised for their involvement in bank fraud over the course of past three years. From 2015 to 2017, action was taken against a total of 1,287 SBI officials for case of bank fraud amounting to Rs 1 lakh or more, according to data furnished by the Reserve Bank of India (RBI).
Looking at the entire Indian banking sector, though, the number of SBI employees falls short of what ICICI Bank had to show by a big margin. The private lender took action against its 2,236 employees for individual cases of bank fraud, showed an answer presented before Rajya Sabha by Shiv Pratap Shukla, Minister of State in the Ministry of Finance, based on data provided by the RBI.
Punjab National Bank (PNB), which is still recovering from the Rs 14,000-crore Nirav Modi fraud, reported the third highest number of employees involved in fraud cases in the country during the three years. In total, 1,127 PNB employees had to face the music between 2015 and 2017 over charges of fraud.
SBI, Bank of Baroda, Canara Bank to hire 1 lakh people this fiscal to push new-age banking: report
Among all the public sector banks in India, State Bank of India (SBI) saw the highest number of employees penalised for their involvement in bank fraud over the course of past three years. From 2015 to 2017, action was taken against a total of 1,287 SBI officials for case of bank fraud amounting to Rs 1 lakh or more, according to data furnished by the Reserve Bank of India (RBI).
Looking at the entire Indian banking sector, though, the number of SBI employees falls short of what ICICI Bank had to show by a big margin. The private lender took action against its 2,236 employees for individual cases of bank fraud, showed an answer presented before Rajya Sabha by Shiv Pratap Shukla, Minister of State in the Ministry of Finance, based on data provided by the RBI.
Punjab National Bank (PNB), which is still recovering from the Rs 14,000-crore Nirav Modi fraud, reported the third highest number of employees involved in fraud cases in the country during the three years. In total, 1,127 PNB employees had to face the music between 2015 and 2017 over charges of fraud.
SBI, Bank of Baroda, Canara Bank to hire 1 lakh people this fiscal to push new-age banking: report