Q

What is the effect of a fraudulent financial ecosystem on the finances for real estate developers?

14 Apr 18 86
What is the effect of a fraudulent financial ecosystem on the finances for real estate developers?

1 Answers

A

Lalit

14 Apr 2018 01:50 PM

While Bank of Maharashtra reported 3,893 cases of fraud, private sector lender ICICI BankNSE 0.72 % came a close second with 3,359 cases and HDFC BankNSE 0.76 % the third with 2,319 fraud cases, in the last financial year, according to proxy advisory firm Institutional Investor Advisory Services (IiAS). In terms of the quantum, Punjab National BankNSE 5.31 % (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India NSE 0.15 % at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore. 

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