New Delhi: Banks and financial institutions reported fraud of Rs 1.42 lakh crore in the last five financial years and recovery to the tune of Rs 6,389 crore was made during the period, Parliament was informed on Tuesday.
In a written reply to Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said his ministry has been apprised by RBI that it is not maintaining information pertaining to the action taken against wilful defaulters.
