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 think that the movement of such significant masses of money, always affect economy positive or negative way. And in this case I think the trust of people to bank system in India would be really hardly harmed!