Q. As per the data from the Reserve Bank of India, which bank recorded the highest value of frauds in April-December 2021?
Answer:
Punjab National Bank
Notes: According to data from the Reserve Bank of India, a total of 27 scheduled commercial banks and financial institutions have reported 96 cases of fraud, involving a total amount of Rs 34,097 crore during April-December 2021.
While Punjab National Bank recorded the highest value of frauds worth Rs 4,820 crore, Bank of India recorded the highest number of frauds at 13.