Jammu, Aug. 3 -- Even as the number of reported financial fraud cases in Jammu and Kashmir declined significantly over the past three years, the total amount involved surged to Rs 193.49 crore in 2025-26.
According to data furnished by the Reserve Bank of India (RBI) in response to a question in the Lok Sabha, 103 financial fraud cases involving Rs 193.49 crore were reported in Jammu and Kashmir during 2025-26. Banks managed to recover Rs 6.92 crore from the defrauded amount during the year.
The data revealed a steady decline in the number of fraud cases, from 467 cases in 2023-24 to 298 cases in 2024-25, before dropping further to 103 cases in 2025-26. However, the amount involved witnessed a sharp increase-from Rs 47.55 crore in 2023-24...