Bank Frauds have becoming a gaping hole in the Indian economy with frauds getting revealed almost every year, the recent trend where bank frauds occured were in the years 2011, 2014, 2015,2016, 2017 & 2018.

The below article highlights the events of the frauds

http://www.timesnownews.com/business-economy/companies/article/bank-frauds-nirav-modi-fraud-rs-11400-crore-top-financial-institution-scams-in-india-vijay-mallya-winsome-diamonds/199024

 

Do you think that privatisation of banks is right in view of the light of evidence of such huge frauds & losses in the Public Sector Banks?

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