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JK Bank loses Rs 1157.84 crore to frauds

JK Bank loses Rs 1157.84 crore to frauds

Monday, March 13, 2017, 4:12 PM

Jammu and Kashmir Bank has lost Rs. 1157.84 crores to 41 frauds during 2013-14 to December 2016. According to an official document of RBI, the hard-earned money of the commoners deposited in the banks has been lost by the bank not only to the VVIP customers but the employees of a bank have also played active role in committing frauds worth crores of rupees.
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