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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 ??
I don't think these statistics would shock that many people. The less fortunate people always get taken advantage of the most. Someone is always paying the price for frauds like this and I bet it's not the bank fat cats sitting on their golden thrones.