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Bank Fraud Cases Down, But Value Up 3-Fold in FY25
The New Indian Express Kochi
|May 30, 2025
Despite a decline in the number of reported bank frauds in 2024-25, the total value involved in these frauds almost trebled compared with the previous year, according to the Reserve Bank of India's annual report.
The increase is attributed to the reclassification and fresh reporting of earlier cases following a Supreme Court ruling on due process.
A total of 23,953 frauds were reported during the year, down from 36,060 in 2023-24. However, the amount involved jumped sharply to ₹36,014 crore, up from ₹12,230 crore.
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