Nagpur Today: Nagpur: Sunday, August 20, 2017.
Behold! This
RBI information will leave you stunned. The number of frauds in nationalised
banks reported in the financial year 2016-17 stood at 5077 and the amount
involved is staggering Rs 23,933.91 crore. The frauds pertained to the amount
of Rs 1 lakh or over Rs 1 lakh. It simply means that if the number frauds
involving less than Rs 1 lakh is taken into account then the figure would tell
a different tale. Further, the number of employees suspended in connection with
these frauds stands at 480. The mindboggling figure of frauds is limited to the
nationalised banks as information regarding frauds in urban cooperative banks
(UCBs) is not available with the Reserve Bank of India.
The
disturbing information was shared by RBI in an RTI reply to activist Abhay
Kolarkar.
The RBI
further informed that 25 nationalised or government undertaking banks have
suffered loss of Rs 17,357 crore in the period from April 1, 2016 to December
31, 2016 owing to varying factors. The highest loss of Rs 2,770 crore was in
the name of Indian Overseas Bank followed by Rs 2,089 crore by State Bank of
Patiala. IDBI Bank – Rs 1958 crore, Central Bank of India – Rs 1847 crore,
State Bank of Travancore – Rs 1398 crore, State Bank of Hyderabad – Rs 1368,
UCO Bank – Rs 1262 crore and Jammu and Kashmir Bank – Rs 1078 crore are the
loss making banks in the four digit. Bank of Maharashtra (Rs 917 crore) and
Bank of India (Rs 513 crore) are among the banks in three digit loss. The
minimum loss making bank is little known Doha Bank QSC with figure of Rs 1 crore.
The apex bank
has stated as not available the gross NPAs for scheduled commercial banks as on
March 31, 2017. Same is the reply regarding Urban Cooperative Banks. However,
as on March 31, 2016, out of 1574 UCBs across the country, 1470 are in the list
of gross NPAs/losses.
To the RTI
poser on total number of notes of Rs 500 and Rs 1000 received during
denomination period, the RBI has replied that the figures are under
reconciliation. Similarly, in reply to a question on how many fake notes were
deposited during demonetisation period, the apex bank said that the work of
processing the notes is still going on hence the exact information is not
available. The RBI has also state as not available the information regarding
total number of notes of Rs 500 and Rs 1000 denomination were deposited in
district cooperative banks in Maharashtra.
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