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 ??
2 billion dollars is not such a great sum to ruin the economy.
However, the whole trend seems to be threatening - with such a statistics Indian banks can easily lose their reputation.