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The total amount of frauds reported by banks declined to a six-year low while the average amount involved in frauds was the lowest in a decade, data from a Reserve Bank of India (RBI) report shows.However, the number of frauds reported by banks has gone up from 7,263 in 2020-21 to 13,576 in 2022-23. The amount involved in these frauds has seen a significant decline from Rs 1,18,417 crore to Rs 26,632 crore during the same period. The common areas of operations of these frauds included advances, forex transactions, deposits, and operations involving card or internet transactions. In number terms, H1FY24 saw credit and internet-related transactions as the most common types of fraud.
During the financial year 2023-24, A had cash sales of ₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of w...
Anger, frustration, humor etc. are which types of barriers to the effective communication?
In the context of cost accounting, expenses are classified into different categories based on their function within the business operations. Based on ...
Which among the followings are correct statements with regard to NBFC in India?
(A) All NBFCs should be registered with RBI.
(B) NBFCs can...
How many Infrastructure Investment Trusts (InvITs) were registered at the end of the period 2023-24, as per SEBI Annual Report 2023-24?
Which of the following is the Trustee bank under the NPS structure?
Which category do Bad debt fall under?
Calculate Gross profit ratio:
Small Finance Banks’ (SFB) major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, the prope...
Which of the statement given below is/are not correct?