India, June 17 -- Axis Bank on Wednesday announced a 40% reduction in fraud incidents across retail mobile banking, internet banking, and shopping transactions in FY26 compared to FY25.

The bank also reported a 4.5x increase in fraud prevention during the same period, driven by AI-led monitoring and enhanced risk-based controls.

The data was shared during a media briefing in Kolkata, where the private lender showcased its pan-India 'Safe Banking' strategy. The approach integrates AI-powered fraud intelligence, real-time customer controls, and a strong branch-led ecosystem to safeguard customers against evolving digital threats.

Speaking at the event, Sameer Shetty, Group Head - Digital Business, Transformation & Strategic Programs, Axi...