ICICI Bank records highest number of frauds, says RBI
ICICI Bank topped the list of banks that witnessed most number of frauds, with State Bank of India taking the second spot, during April-December 2016 period, RBI data revealed. As many as 455 fraud cases involving ₹1 lakh and above were detected in ICICI Bank, followed by SBI at 429. Further, 450 employees were involved in fraud in various banks.