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: 150
 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::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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
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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')) {

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        LATEST NEWS UPDATES | Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years    </title>
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-PTI

&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;

Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was..."/>
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-PTI

&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;

Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was..." />
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    <h1 class="cat-box-title">Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years</h1>
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                            <div align="justify">-PTI<br /><br /><em>&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;<br /></em><br />Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday.<br /><br />The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister of State for Finance Shiv Pratap Shukla said in a written reply quoting RBI data.<br /><br /><em>&lsquo;Gross advances rise&rsquo;<br /></em><br />The Minister said that data of frauds is as per the year of reporting and not the year of occurrence of fraud or sanction of loan or letter of undertaking, which may might be of an earlier period. The Minister also informed the House that gross advances by SCBs increased from ?25.03 lakh crore on March 31, 2008, to ?68.75 lakh crore on March 31, 2014.<br /><br />On stressed assets, he said the spurt was due to aggressive lending practices, wilful default, loan frauds, corruption in some cases and economic slowdown.<br /><br />Replying to another question, he said as per RBI data, there were 139 borrowers with aggregate gross NPAs of more than ?1,000 crore.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece" title="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece" class="re" target="_blank">The Hindu, 7 August, 2018, https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece</a><div class="clear"></div>
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&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;

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                            <div align="justify">-PTI<br /><br /><em>&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;<br /></em><br />Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday.<br /><br />The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister of State for Finance Shiv Pratap Shukla said in a written reply quoting RBI data.<br /><br /><em>&lsquo;Gross advances rise&rsquo;<br /></em><br />The Minister said that data of frauds is as per the year of reporting and not the year of occurrence of fraud or sanction of loan or letter of undertaking, which may might be of an earlier period. The Minister also informed the House that gross advances by SCBs increased from ?25.03 lakh crore on March 31, 2008, to ?68.75 lakh crore on March 31, 2014.<br /><br />On stressed assets, he said the spurt was due to aggressive lending practices, wilful default, loan frauds, corruption in some cases and economic slowdown.<br /><br />Replying to another question, he said as per RBI data, there were 139 borrowers with aggregate gross NPAs of more than ?1,000 crore.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece" title="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece">click here</a> to read more. <br /></div>                                                           
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&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;

Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was..." />
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                            <div align="justify">-PTI<br /><br /><em>&lsquo;Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each&rsquo;<br /></em><br />Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday.<br /><br />The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister of State for Finance Shiv Pratap Shukla said in a written reply quoting RBI data.<br /><br /><em>&lsquo;Gross advances rise&rsquo;<br /></em><br />The Minister said that data of frauds is as per the year of reporting and not the year of occurrence of fraud or sanction of loan or letter of undertaking, which may might be of an earlier period. The Minister also informed the House that gross advances by SCBs increased from ?25.03 lakh crore on March 31, 2008, to ?68.75 lakh crore on March 31, 2014.<br /><br />On stressed assets, he said the spurt was due to aggressive lending practices, wilful default, loan frauds, corruption in some cases and economic slowdown.<br /><br />Replying to another question, he said as per RBI data, there were 139 borrowers with aggregate gross NPAs of more than ?1,000 crore.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece" title="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece" class="re" target="_blank">The Hindu, 7 August, 2018, https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece</a><div class="clear"></div>
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Home हिन्दी

Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years

Published on Aug 8, 2018   Modified on Aug 8, 2018

-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister of State for Finance Shiv Pratap Shukla said in a written reply quoting RBI data. ‘Gross advances rise’ The Minister said that data of frauds is as per the year of reporting and not the year of occurrence of fraud or sanction of loan or letter of undertaking, which may might be of an earlier period. The Minister also informed the House that gross advances by SCBs increased from ?25.03 lakh crore on March 31, 2008, to ?68.75 lakh crore on March 31, 2014. On stressed assets, he said the spurt was due to aggressive lending practices, wilful default, loan frauds, corruption in some cases and economic slowdown. Replying to another question, he said as per RBI data, there were 139 borrowers with aggregate gross NPAs of more than ?1,000 crore. Please click here to read more.

The Hindu, 7 August, 2018, https://www.thehindu.com/business/Economy/banks-take-about-70000-cr-hit-due-to-frauds-in-last-3-years/article24626796.ece

Tagged with: Non-Performing Assets Non-Performing Assets (NPAs) Bank Frauds Rajya Sabha Scheduled Commercial Banks (SCBs)

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