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Bank Fraud Cases Down, But Value Up 3-Fold in FY25

The New Indian Express Kollam

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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.

- Dipak Mondal @New Delhi

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.

FLERE HISTORIER FRA The New Indian Express Kollam

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