Frauds Data to be published by the Banks in their Balance Sheet as per the disclosure norms issued by the Regulator. Explain what types of information to be mentioned in the Disclosure on Frauds.

The Indian banking sector has experienced significant growth and changes since liberalization of the economy. Though the banking industry is generally well-regulated and supervised, the sector suffers from its own set of challenges when it comes to ethical practices, financial distress and corporate governance. In recent years, instances of financial fraud have regularly been reported in India. Although banking frauds in India have often been treated as a cost of doing business, post liberalization the frequency, complexity and cost of banking frauds has increased manifold resulting in a very serious cause of concern for regulators, such as the Reserve Bank of India (RBI). Banks are required to disclose the number and amount of frauds as well as the provisions made as per the given format in the Annual Report: Particulars Current Year Previous Year Number of Frauds reported Amount Involved in Fraud (₹ in Crore) Amount of Provision made for such Frauds (₹ in Crore) Amount of Unamortised provision debited from "Other Reserves" as at the end of the Year (₹ in Crore)