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Bank fraud cases: Fraud cases at banks down to 6-year low, RBI report shows

Bank frauds have reached a six-year low, with the average amount involved being the lowest in a decade, according to an RBI annual report. Private sector banks accounted for 66.2% of total frauds, while public sector banks had a higher share. Penalties imposed on regulated entities increased, with co-operative banks leading the decline. ....

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