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Amid Covid effect, bank steps, wilful defaults rise Rs 38,976 crore

May 11, 2021 5:20 am

With this, total wilful defaults amounted to Rs 2,44,602 crore from 12,917 accounts as of December 2020, as against Rs 2,05,606 crore from 12,255 accounts in December 2019, according to data available from credit information bureau TransUnion CIBIL.

73.8% rise in bank frauds; number of cases up 15%

August 30, 2019 4:17 am

RBI data also shows a sharp jump in fraud amount in the loan cases. The value of frauds related to advances jumped nearly three times from Rs 22,558 crore in 2017-18 to Rs 64,548 crore.