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 ??
India seems to be a big country and Indians are really good in terms of technology and economics and mathematics. However, people are becoming greedy because of money. They are now using their intelligence to get money in wrong way. Government should take action on this things. Its very alarming, the trust of the people and the investors as well.