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ICICI Bank, SBI saw most frauds in first 3 quarters | ||||||||
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Private sector ICICI Bank suffered the most number of frauds during the first nine months of the current fiscal, while state-run State Bank of India took second place in this regard, Reserve Bank of India (RBI) has revealed. Data pertaining to the April-December period of 2016 provided to the Finance Ministry by the apex bank earlier this week, showed as many as 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank. It was closely followed by SBI, which found 429 such cases.
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