Post
Topic
Board Economics
Re: 5904 banks frauds in 3 months in India
by
krishnaverma
on 25/06/2018, 16:23:05 UTC
HSBC (world's second bank) was involved in $100,000,000,000 money laundering in 2015

If we compare the global scenario with Indian banks, later ones are really having a very bad reputation.

Earlier the fraud and scams were limited to government banks only. But now many such cases had been reported in banks like ICICI  and HDFC also. Recently, the chairman of one of the leading private banks in India was asked to on leave for giving preference to a particular company in giving loan.