The capital New Delhi amounts for 3,164 complaints registered, top in the list of ATM frauds cities. However, the figures in the public sector ATM frauds are quite staggering. State Bank of India, which has more than 58,000 ATMs throughout the country, has been the victim of 1 out of 5 frauds happening to its ATM. SBI amounts to 25% of the ATM frauds that happened in 2018-19. Following SBI is IDBI Bank, who is second in the list of ATM frauds. According to IDBI's website, the bank has over 3700 ATMs in the country, and it reports 1800 cases of scam. IDBI amounts for 15 % of the ATM heists cases between 2017 and 19.
As of now, the Indian government has not revealed the causes that led to the fraud. The bankers, on the other hand, say that India has been falling prey to banking frauds day by day, at the time when the country is working to develop its infrastructure to protect itself. "The country is observing a large entrance of frauds from alien nations as the support system in Europe has been enhanced, causing more trouble for the fraudsters," says ..
Support the originator by clicking the read the rest link below.