India In Focus - INDIAN ECONOMY: OVERVIEW, GROWTH and DEVELOPMENT - SBI has found fraud worth Rs 7,951.3 crore in Apr-Dec: RTI reply.

The State Bank Group has said as much as Rs 7,951.29 crore involving 1,885 cases of fraudulent activities have come to light during the first nine months of the current fiscal year. In an RTI reply, the nation's largest lender said, the first quarter reported 669 cases of fraudulent activities amounting to Rs 723.06 crore, the second quarter saw 660 cases involving a Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore.

According to RTI activist...

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