More than 6750 cases of bank fraud have been reported to this year (2018-2019). These fraud cases amount to an unprecedented Rs 71,500 crore.

Last year's data say, over 5200 similar bank fraud cases worth 41.200 crore (approx) were reported.

With the similar number of cases of around 4500 and 5500 of bank fraud were reported in 2015-16 and 2016-17 sums up to more than Rs 18,700 crore and Rs 24,000 crore, respectively, data released. Back in 2010-11 and 2011-12, total around 4,500 and 4,000 such cases were reported amounting nearly Rs 3,800 crore and Rs 4,500 crore, respectively.

The data involves massive bank fraud cases by two prominent businessmen Nirav Modi and Vijay Mallya among others.

In one of the report, the central bank said that the fraud cases reported to RBI are mandatory to file by the bank as criminal complaints with law enforcement agencies.

However official say, necessary step has already been taken against the reported cases. Central Vigilance Commission (CVC) suggested improving the system by better operating procedures and monitoring them. Country's different Central agencies like the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) are also taking their special interest in major bank fraud cases.