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Bank fraud cases down, but value rises 3-fold in FY25: RBI report
The New Indian Express Kalaburagi
|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.
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.
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The New Indian Express Kalaburagi
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