Let’s take a look at the biggest bank scams in India:

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1. Neerav Modi Bank scam

The biggest scams (11,400 crores rupees) in the Indian banking industry.  Neerav Modi and his uncle Mehul Surakshi (owner of Gitanjali James) are the main culprits of this scam.

2. Vijay Mallya Bank Scam

In February 2018, Kingfisher Airlines Mallya had borrowed Rs 9,432 crores from 13 banks.

3. Allahabad bank scam

Kolkata-based bank Allahabad said it was at risk of € 2,363 million in a PNB fraud case.