Banking fraud increases banks losses by 159%, FDI from China decreases by 30%
A recent RBI report reported that banking fraud cases increased by 28% in 2019-20.
Aug 28, 2020, 19:58 IST
In March 2018, there were 33,632 lakh notes of 2000 in the country. By the end of March 2020, it had come down to 27,398 lakhs.
Banks lost 159% more than the banking fraud in 2018-19. The RBI did not print a single Rs 2000 note last year. As of March 2018, there were 33,632 lakh notes of 2000 in the country.
By the end of 2019, this number has come down to 32,910 lakhs. It was reduced to 27,398 lakh at the end of March-2020. The 2000 rupee note was issued after demonetisation in 2016. The share of 2000 notes is 2.4% of the cash in circulation in the country.
FDI in the country has increased compared to 2018-19. But FDI from China has decreased. These figures predate the India-China tension. That is, FDI coming from China may decrease further next year. The country received a total of $ 38,744 million FDI in 2018-19. Which increased to $ 42,629 million in 2019-20.