<p>Indian banking system, which is struggling with issue of mounting bad loans, has been hit by another banking fraud case. This time the Central Bureau of Investigation (CBI) has booked promoters of non-banking finance company - Dewan Housing Finance Limited (DHFL) of defrauding a consortium of 17 banks worth Rs 34,000 crore. DHFL banking fraud is being termed as the country’s biggest scam in banking industry after ABG Shipyard’s fraud case of Rs 20,000 crore which was reported earlier this year. </p>
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