State Bank of India tops in bank frauds

New Delhi, May 19: State Bank of India (SBI), India's largest public sector bank, tops the list of bank frauds with a high 107 cases involving Rs 30.74 crore in just three months this year.

Among nationalised banks, Canara Bank has recorded a high 47 frauds worth Rs 8.98 crore though in terms of money it was the United Bank of India, which was at the top with Rs 39.58 crore, Finance Minister P Chidambaram told the Lok Sabha during question hour today.

As many as 39 cases were reported in Central Bank of India this year till March involving Rs 13.71 crore while the number of frauds in Punjab National Bank was 37 worth Rs 14.24 crore.

Bank of Baroda witnessed 30 frauds involving Rs 4.83 crore and Corporation Bank saw 36 cases with Rs 12.24 crore while Union Bank of India had 25 cases with Rs 12.52 crore.

The SBI had witnessed 437 frauds last year involving Rs 136.48 crore, 477 cases in 2003 with Rs 115.37 crore and 350 cases in 2004 with Rs 32.84 crore.

In the case of Canara Bank, the number of cases during last year was 213 involving Rs 40.67 crore compared to 164 cases worth Rs 38.85 crore in 2003 and 184 frauds amounting to Rs 41.87 crore in 2004.

UNI