2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 50, 580 crores
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Rs 30, 200 crores
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Rs 70, 213 crores
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Rs 40, 295 crores
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Detailed explanation-1: -The correct answer is 51 per cent. Public sector banks reported over 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022, the Reserve Bank of India has said.
Detailed explanation-2: -Public sector banks’ frauds down 51% to Rs 40,295 crore in FY22; number of cases declines YoY, says RBI. The Reserve Bank of India has said that public sector banks reported over a 51 per cent fall in the amount involved in frauds to Rs 40,295.25 crore during the financial year 2021-22 (FY22).
Detailed explanation-3: -According to Reserve Bank of India (RBI) data, 2,331 fraud cases involving Rs 87 crore were reported by banking entities during the six-month period as against 1,532 frauds involving Rs 60 crore. During 2021-22, the average amount of fraud decreased substantially.
Detailed explanation-4: -As per the FSR, banks gross NPA continued to decline and stood at a seven-year low of 5% in September 2022.