Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Bank frauds increased to 18,461 cases in the first half of the current fiscal, with involved amounts rising to Rs 21,367 crore, states RBI data. Private sector banks reported most cases, while public sector banks had the highest amounts involved. Digital frauds involving internet and card transactions rose, stressing the need for stronger monitoring and law enforcement coordination.