Financial frauds: Govt working with RBI to address cases of transaction below Rs 1 Lakh
Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs one lakh, he said. "The data of India cannot be stolen and strict action will be taken against any kind of fraud," Prasad said during the Question Hour while responding to Supplementary queries.
In the previous fiscal, 2,059 cases of fraud involving Rs 109.56 crore were reported, Prasad said citing the data provided by the RBI. Representational Image, source: Pixabay