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SBI and Canara Bank register bank fraud

SBI and Canara Bank register bank fraud

New Delhi: The CBI has received two new cases regarding bank frauds. first bank fraud is of Rs. 7926.01 crore (approximated) and 2nd bank fraud is Rs.313.79 crore (approx). In which, Canara Bank has filed the 1st fraud case against a Hyderabad-based private company.

Canara Bank fraud of 7926.01 Crore Rupees

  • The complaint is registered on CMD, Additional Directors, unknown public servants.
  • The Hyderabad based firm has been alleged to receive benefits of credit facilities on multiple banking arrangements.
  • The bank’s funds misappropriated and diverted loan money which was given by banks. it is caused to be a loss of Rs. 7926.01 crore for Canara Bank. the account was changed in NPA.

SBI Bank fraud of 313.79 Crore Rupees

  • The 2nd case is against a private company based in Chennai and its Chairman, Director, unknown public Servants. the complaint is registered by SBI(State Bank of India). the company has alleged fraud of Rs.313.79 crore (approx). the loan was amount was given and the account was changed into NPA.

SBI and Canara Bank register bank fraud Faq

Q.1 SBI Bank finds how much amount bank fraud?

the company has alleged fraud of Rs.313.79 crore (approx). the loan was amount was given and the account was changed into NPA.

Q.2 Canara Bank finds how much amount bank fraud?

it is caused to be a loss of Rs. 7926.01 crore for Canara Bank.

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