2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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Axis bank
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ICICI
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PNB
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Detailed explanation-1: -The country’s largest lender State Bank of India (SBI) saw the highest number of fraud cases; however, Bank of India was the worst hit in terms of value, as per a reply from the Reserve Bank on frauds reported by these lenders to RTI activist Chandra Shekhar Gaur.
Detailed explanation-2: -The Punjab National Bank scam was touted as India’s biggest at Rs 11, 400 crore and the main accused were jeweller Nirav Modi, Mehul Choksi, Nishant Modi, Ami Modi and others, including some PNB staff.
Detailed explanation-3: -Highest number of frauds at Kotak Mahindra Bank in 2021, followed by ICICI Bank: Govt data. NEW DELHI: Kotak Kotak Mahindra Bank has been hit by the highest number of frauds at 642, involving Rs 1 lakh and above, in the first nine months of 2021-22, followed by ICICI Bank and IndusInd Bank at 518 and 377, respectively.