Amid UCO Bank and multiple frauds on daily basis, the government has decided to hold a discussion meeting with top agencies.
As per the data, nearly 13,500 frauds were reported last year as against 9,100 in FY22 and increase of almost 50%. However, it is to be believed that exact numbers are not presented as consumers often find it tough to register a complaint.
Financial services secretary Vivek Joshi to hold meetings with Reserve Bank of India (RBI), Trai, telecom department and the National Payments Corporation of India (NPCI), finance ministry and Punjab National Bank (PNB) MD on the matter.
