Home National Indian banks lose Rs. 1.6crore every hour to cheating, forgery accounts

Indian banks lose Rs. 1.6crore every hour to cheating, forgery accounts

By
Arpita Goswami
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(G.N.S) DT.15 Indian banks reportedly lose Rs 1.6 crore every hour to cheating and forgery, rather surprisingly. The Reserve Bank of India (RBI) lists eight categories of frauds, out of which just one- cheating and forgery- accounts for a little more than 60% of all money lost by banks. Due

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