The massive fraud that took place at the Punjab National Bank (PNB) brought into the limelight instances of fraud taking place at banks in India. An analysis of data by the Reserve Bank of India of bank employees involved in fraud has shown that on an average every 4 hours at least 1 banker is caught and punished for involvement in fraud.
From January 1, 2015, to March 31, 2017, around 5,200 officials of public sector banks have been punished for fraud.
"These employees have been convicted, awarded...
DIVYIA ASTHANA | February 18 , 2018