Bigger frauds
The amount siphoned in financial fraud cases rose 30.8% in FY25 to ₹34,771 crore, showed the Reserve Bank of India’s (RBI’s) latest report on banking trends. This amount has risen despite a 33.8% decline in the number of reported cases, suggesting that the victims faced deeper financial losses during the year, a reversal in the trend recorded in the past few years. However, losses to bank frauds in 2025 pale in comparison with ₹1.85 lakh crore worth of frauds reported in FY20. In the first half of FY26, India reported 5,092 cases, down from 18,386 a year earlier. However, just like FY25, the amount defrauded was 30% higher at ₹21,515 crore.