The Reserve Bank of India has revealed that over 6, 800 cases of bank fraud involving an unprecedented ..... crore were reported in 2018-19

2023

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Reserve Bank of India has revealed that over 6, 800 cases of bank fraud involving an unprecedented ____ crore were reported in 2018-19

A	Rs. 71, 000
B	Rs. 80, 000
C	Rs. 71, 500
D	Rs. 70, 000
E	Rs. 85, 000

Explanation:

Detailed explanation-1: -If committed by staff. 6.2 All fraud cases of value below ₹ 10, 000/-involving bank officials, should be referred to the Regional Head of the bank, who would scrutinize each case and direct the bank branch concerned on whether it should be reported to the local police station for further legal action.

Detailed explanation-2: -Detailed Solution Malegam would be heading the committee who is the former member of Central Board of Directors of RBI.

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.

There is 1 question to complete.