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Banking fraud cases fell but amount involved tripled in fy25

The number of banking fraud cases fell in FY25, but the total amount involved more than tripled. The RBI said frauds reported by banks dropped 33.6% to 23,953 cases in FY25, from 36,060 in FY24. However, the value of these frauds rose 194.5% to Rs 36,014 crore from Rs 12,230 crore. This jump was partly due to the reclassification of 122 large-value cases amounting to Rs 18,674 crore from earlier years. These were reported afresh in FY25 following a Supreme Court judgement from March 27, 2023.

Public sector banks accounted for the largest share by value. They reported 6,935 fraud cases—29% of the total—amounting to Rs 25,667 crore, or 71.3% of the total amount. In contrast, private sector banks registered 14,233 cases—59.4% of the total—but the value stood lower at Rs 10,088 crore, or 28%. Foreign banks recorded 1,448 cases worth Rs 181 crore, accounting for 6% by number and 0.5% by value. Other lenders, including small finance and payments banks, made up the rest.

By type of fraud, those involving loans saw the sharpest rise. Cases under this category nearly doubled to 7,950, while the value surged 229.1% to Rs 33,148 crore, making up 92.1% of the total amount. Internet and card frauds dropped sharply, down 53.5% in number to 13,516 and 64.3% in value to Rs 520 crore. Still, they comprised 56.5% of all fraud cases. Fraud involving deposits fell by 39.7% to 1,208 cases, though the value increased 119.6% to Rs 527 crore.


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