New Delhi, Dec. 29 -- While the number of bank frauds fell, the amount went up in 2025-26, showed the Reserve Bank of India's (RBI) report on 'Trends and Progress of Banking in India' 2024-25.
At the end of September, banks reported a total of 5,092 frauds, significantly lower than 18,386 frauds reported in the year-ago period. However, the value of frauds rose to Rs.21,515 crore from Rs.16,569 crore during April-September.
"Frauds present multiple challenges by exposing financial institutions to reputational, operational and business risks, while also weakening customer trust," the report said.
However, the share of high-value frauds seems to be falling, with banks reporting 509 frauds of Rs.1 lakh and above amounting to a total of Rs...
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