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 ??
Two billion dollars is not a small amount that to be earned by scammers and this is a big new in regarding to banking industries that this easyay they have lost two billion but why dont have any links of proof bout this issue since this is a serious matter and must be tackled.
Thiugh i dont thingk this has something to do with cryptoworld since this is a banking issue and not connected to our community
indeed this has nothing to do with us as a community of cryptocurrency, but it does make us a lesson that conventional banks can also be hacked. means the bank has not been able to provide security for its customers