Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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</span></span></code>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.&lt;br /&gt;
&lt;br /&gt;
Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;28% increase in cases&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&amp;rsquo;t exist or have been pledged elsewhere, among other things.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Times of India

BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

While 86%...&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&lt;em&gt;28% increase in cases&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&amp;rsquo;t exist or have been pledged elsewhere, among other things.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Times of India

BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

While 86%...&#039;
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-The Times of India

BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

While 86%..."/>
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                <strong>86% of bank frauds tied to loans, 99% in case of PNB -Chethan Kumar</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>BENGALURU: </em>From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.<br /><br />While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.<br /><br />Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.<br /><br /><em>28% increase in cases<br /></em><br />While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.<br /><br />According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&rsquo;t exist or have been pledged elsewhere, among other things.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms" title="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms">click here</a> to read more. <br /></div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.&lt;br /&gt;
&lt;br /&gt;
Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;28% increase in cases&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&amp;rsquo;t exist or have been pledged elsewhere, among other things.&lt;br /&gt;
&lt;br /&gt;
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BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

While 86%...&#039;,
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&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.&lt;br /&gt;
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&lt;br /&gt;
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&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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                <strong>86% of bank frauds tied to loans, 99% in case of PNB -Chethan Kumar</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>BENGALURU: </em>From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.<br /><br />While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.<br /><br />Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.<br /><br /><em>28% increase in cases<br /></em><br />While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.<br /><br />According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&rsquo;t exist or have been pledged elsewhere, among other things.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms" title="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms">click here</a> to read more. <br /></div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.&lt;br /&gt;
&lt;br /&gt;
Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;28% increase in cases&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

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&lt;br /&gt;
&lt;em&gt;BENGALURU: &lt;/em&gt;From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
&lt;em&gt;28% increase in cases&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.&lt;br /&gt;
&lt;br /&gt;
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-The Times of India

BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

While 86%..."/>
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                <strong>86% of bank frauds tied to loans, 99% in case of PNB -Chethan Kumar</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>BENGALURU: </em>From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.<br /><br />While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.<br /><br />Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.<br /><br /><em>28% increase in cases<br /></em><br />While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.<br /><br />According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&rsquo;t exist or have been pledged elsewhere, among other things.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms" title="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms">click here</a> to read more. <br /></div>               </font>
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-The Times of India<br />
<br />
<em>BENGALURU: </em>From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.<br />
<br />
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.<br />
<br />
Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.<br />
<br />
<em>28% increase in cases<br />
</em><br />
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.<br />
<br />
According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&rsquo;t exist or have been pledged elsewhere, among other things.<br />
<br />
Please <a href="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms">click here</a> to read more. <br />
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-The Times of India<br />
<br />
<em>BENGALURU: </em>From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.<br />
<br />
While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds.<br />
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Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances.<br />
<br />
<em>28% increase in cases<br />
</em><br />
While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances.<br />
<br />
According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don&rsquo;t exist or have been pledged elsewhere, among other things.<br />
<br />
Please <a href="https://timesofindia.indiatimes.com/business/india-business/86-of-bank-frauds-tied-to-loans-99-in-case-of-pnb/articleshow/63021317.cms">click here</a> to read more. <br />
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While 86%...'
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86% of bank frauds tied to loans, 99% in case of PNB -Chethan Kumar

-The Times of India BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks. While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks reported that more than 97% of their frauds were advance-related, of which 15 peg it at 99% or more. Eight banks said such frauds account for 90%-95% of frauds. Data of the Reserve Bank of India show that of Rs 23,903 crore lost to fraud in 2016-17, 86% (Rs 20,561 crore) was lost to advance-related fraud. In PNB, of Rs 2,808 crore lost to fraud, Rs 2,788 crore (99.3%) was linked to advances. 28% increase in cases While RBI is compiling figures for 2017-18, data for three years ending March 31, 2016 show that 67% of total frauds were linked to advances, indicating a 28% increase. In 2016-2017, banks lost Rs 22,743 crore to fraud, of which Rs 15,238 crore was linked to advances. According to experts and bankers, advances-related frauds are due to breach of trust and contract, and involve misuse of letters of credit or guarantees, submission of forged or fake documents to avail of loans and mortgaging of assets that don’t exist or have been pledged elsewhere, among other things. Please click here to read more.