PSB staff helped siphon off Rs 22,743 cr

A whopping sum of Rs 22,743 crore was siphoned off from public sector banks over three years due to collusion of more than 6000 employees of 27 banks, information culled out through RTI has reportedly revealed.

The worst hit reportedly are Indian Overseas Bank, accounting for Rs 3,033 crore of the total loss incurred between April 2010 and September 2013.

Followed by State Bank of India  as Rs 2,712 went down the drain owing to forgery and cheating committed in connivance with employees.Similarly, Canara Bank' share in the money lost was Rs 2,394 crore, UBI and UCO banks were also hit.