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Bank frauds increased to 18,461, amount involved spikes 8x in H1FY25: RBI
The Statesman
|December 27, 2024
In the first half of the current fiscal, the number of bank frauds witnessed a significant on-year increase to 18,461 cases.
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The amount involved in these frauds also jumped more than eight-fold to Rs 21,367 crore, according to the data released by RBI.
In its report on Trend and Progress of Banking in India 2023-24, RBI presented the performance of the banking sector, including commercial banks, co-operative banks and non-banking financial institutions, during 2023-24 and 2024-25 so far.
The number of frauds during April-September stood at 18,461 involving Rs 21,367 crore compared to 14,480 cases involving Rs 2,623 crore in the comparative period of the last financial year, based on the date of fraud reporting.
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