Mumbai: Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty delivered a presentation pertaining to sharp surge in bank loan fraud cases. The deputy Governor held poor credit appraisal and low level of promoter equity as the main culprits behind the surge in the loan frauds.
The percentage of bank loan frauds almost doubled in the year 2012–13 on year-on-year basis. In financial year 2012–13 (FY’13), the bank loan fraud amount has reached to Rs. 6,212 crore, while the amount for FY’12 was Rs. 3,183 crore.Read more at-http://daily.bhaskar.com/
The percentage of bank loan frauds almost doubled in the year 2012–13 on year-on-year basis. In financial year 2012–13 (FY’13), the bank loan fraud amount has reached to Rs. 6,212 crore, while the amount for FY’12 was Rs. 3,183 crore.Read more at-http://daily.bhaskar.com/
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