An RTI reply has stated that twenty-one public sector banks (PSBs) have incurred a loss of Rs. 25,775 crore due to banking frauds in the financial year 2017-18. The Punjab National Bank (PNB) had suffered the highest loss of Rs. 6461.13 crore due to different cases of fraud. However, the reply did not specify details of any particular case of banking fraud. It also stated that the State Bank of India (SBI) had, during this period, incurred losses of Rs. 2,390.75 crore due to various cases of banking fraud. The Bank of India had incurred a loss of Rs. 2,224.86 crore, Bank of Baroda Rs. 1,928.25 crore, Allahabad Bank Rs. 1,520.37 crore, Andhra Bank Rs. 1,303.30 crore, UCO Bank Rs. 1,224.64 crore, IDBI Bank Rs. 1,116.53 crore, Union Bank of India Rs. 1,095.84 crore, Central Bank of India Rs. 1,084.50 crore, Bank of Maharashtra Rs. 1,029.23 crore and Indian Overseas Bank, Rs. 1,015.79 crore. RBI has clarified in the RTI that only those cases of fraud, involving a sum of over Rs. 1 lakh, were included in the list.