During the Corona epidemic, the figure of the amount involved in financial fraud has halved in 2020-21 as compared to the financial year 2019-20. At the same time, in the current financial year so far i.e. in the first three quarters, only an amount of six and a half hundred crores has been linked to fraud. Talking about the last seven years, from April 1, 2015 to December 31, 2021, there has been a banking fraud of Rs 2.62 lakh crore.
According to the data of the Department of Financial Services under the Ministry of Finance, financial fraud cases of about Rs 27,500 crore were reported in the financial year 2019-20, which has come down to Rs 11,583 crore in the previous financial year 2020-21. At the same time, so far this year, they have not even reached the figure of thousand crores. This was the period when the cases related to the corona epidemic were at their peak in the country.
highest fraud in maharashtra
According to the data, banking frauds of Rs 1,25,508 crore have taken place in Maharashtra since the financial year 2015-16 till now i.e. during December 2021. At the same time, cases related to fraud worth Rs 51,029 crore have been reported in Delhi, Rs 7,493 crore in Uttar Pradesh, Rs 3,181 crore in Haryana, Rs 397 in Bihar, Rs 229 crore in Jharkhand and Rs 32 crore in Uttarakhand.
According to the government, after these frauds come to the fore, complaints are lodged on behalf of the banks with the investigating agencies like CBI and ED, after which action is also seen.
Recovery of NPAs of 7.34 lakh crores
According to the data of the Reserve Bank of India, during the last six years and the first half of the current financial year, banks have recovered NPAs of Rs 7.34 lakh crore. The amount recovered also includes part of the amount related to banking fraud.