Public sector banks and private banks together lost ₹36,014 crore to bank frauds in FY25, with total loss surging three-fold from FY24, RBI reported. Public sector banks reported frauds worth ₹25,667 crore, and private banks registered 14,233 fraud cases. Most of the losses occurred via loan scams, while digital payment frauds dominated the number of cases reported by private banks.
short by
Shristi Acharya /
06:20 pm on
29 May