Bank frauds up but value declines 46% to ₹13,930 cr in FY24
Despite the rise in fraud cases by 165.9% YoY in FY24, reaching a staggering 36,075 cases, the total amount involved plummeted by 46.6% YoY
bank frauds
May 2024
December 2023
May 2023
December 2022
Bank fraud cases jump in first half of FY24: RBI
The number of frauds in banks jumped to 14,483 during the April-September period of the current fiscal.
Private lenders report more frauds but PSBs' amount higher
Frauds in public sector banks were mainly in loan portfolios
Banks reported frauds worth ₹19,485 cr in H1 FY23: RBI
The number of financial frauds rose to 5,406 in the first six months of the financial year 2022-23 compared with 4,069 in the corresponding period a year ago.
