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Bank Frauds Triple to $4.2 Billion in FY25 as Credit Scams Rise

Hindustan Times Jammu

|

May 30, 2025

Bank frauds in India have jumped threefold last year, with loans contributing to the bulk of such cases, while discrepancies in digital payments had declined.

- Bloomberg

The amount of frauds climbed to ₹36,000 crore ($4.2 billion) at the end of March this year, compared with ₹12,230 crore a year ago, according to the Reserve Bank of India's (RBI's) latest annual report, which looked at cases above ₹1 lakh.

The jump was exacerbated by an addition of 122 cases amounting to a fraud of ₹18,674 crore.

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