New Delhi, May 22 (PTI) Over Rs 2,000 crore was lost by the country's banking sector in frauds during 2009-10 with more than 200 of these incidents involving deception of above one crore each, CBI Director A P Singh has said.
The CBI chief has warned the banks of latest trends emerging in banking frauds in areas like electronic payments, technology-related payments like RTGS, credit cards, ATM, cell banking, internet banking among others.
"Banking Sector has lost as much as Rs 1,883 crore and Rs 2,017 crore during 2008-09 and 2009-2010, respectively.
These include over 200 frauds of above Rs one crore during each year," he said during the 'Third Conference of Central Vigilance Officers of 31 Public Sector Banks and Financial Institutions' at the CBI headquarters here.