PSU banks' compensation against fraud rises over three-fold to Rs 140 cr

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Union Bank of India paid the highest compensation of Rs 74.96 crore followed by Bank of India at Rs 20.38 crore and Indian Bank at Rs 16.16 crore during FY24, she said.

In FY23, Union Bank of India was again the highest compensation payer at Rs 12.18 crore followed by Central Bank of India at Rs 11.68 crore.

The amount of compensation paid by these banks stood at Rs 42.70 crore in the previous fiscal, Finance Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.

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Category: BusinessFinance

Markets: India

Topics: Government official Securities and Exchange Board of India Qualified institutional placement Securities and exchange board of india Indian Overseas Bank ICICI Bank Delhi Public bank Corporate Banks Bank of Maharashtra Department of Economic Affairs Information-technology Central Bank of India Banks Chennai Financial Services Secretary CENTRAL BANK OF INDIA Banks (NEC) Vivek Joshi UCO Bank Public finance

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Published On: 2024-08-06 @ 17:08:26 (9 hours ago)

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