India sees fewer bank frauds, but value hits ₹36K Cr

Bank frauds in India declined sharply in FY25, both in volume and number, according to the RBI’s latest annual report.

Reported cases fell to 23,953 from a record 36,060 in FY24—a 34% drop that suggests stronger oversight and tighter internal controls.

However, the total value involved in these frauds rose to ₹36,010 crore, triple that of FY24, indicating fewer but higher-stakes scams.

Public sector banks continue to account for the bulk of fraud cases, though private lenders are seeing rising instances too.

The data underscores a shift toward better detection and accountability, but also the growing sophistication of financial crime.