Wednesday, December 17, 2014

PSU BANKING FRAUDS : CENTRAL BANK OF INDIA CHEATED OF RS 1047 CR

Between April -June fraudsters have cheated PSU banks of Rs 2,417 crore of public money. The amount is more than half of the loss of Rs 4,183 crore in entire 2013-14.

The Central Bank of India alone reported 59 cases of fraud involving Rs 1,047 crore in the three months to June, according to the data made available by the finance ministry.

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