CURRENT AFFAIRS QUIZ - 2019
This bank was reported with highest number of fraud cases in India in the last 11 fiscal years.
A)
State Bank of India
B)
Bank of Baroda
C)
ICICI Bank
D)
HDFC Bank

Correct Answer : Option (C) - ICICI Bank

Note : The Reserve Bank of India's (RBI) data revealed that 53,334 fraud cases worth Rs. 2.05 lakh crore hit the banks in India in the last 11 fiscal years i.e, between 2008-09 and 2018-19. The highest number of cases were reported in ICICI (Industrial Credit and Investment Corporation of India) Bank, State Bank of India (SBI) and HDFC (Housing Development Finance Corporation) Bank.