Quote from: AnonBitCoiner on June 16, 2018, 06:28:55 PM

Quote from: First77 on June 15, 2018, 12:25:30 PM

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

Yes.It will lead to the worst condition in India economy.The people in India are forced to pay.For this government of india had started the CGST.By this people of India going to pay additional taxes .If any one one from India,I suggest them to inverse in bitcoin instead of holding on useless banks.

Banks should be the first place to protect your money but this kind of situation really makes account holders to panic and not to trust banks anymore. Scammers is everywhere if the banks can protect its own system then there is something wrong on that. Maybe this is the reason why they are trying to ban cryptocurrency on their place, I hope that Indian citizen will be enlightened by this scenario think if you can still afford to lose money because of the negligence of your bank.