Financial institutions report over 10,000 cases of fraud involving ₹48,000 crore in FY26: RBI data
The Reserve Bank of India reported that banks and financial institutions recorded over 10,000 fraud cases totaling ₹48,021 crore in the fiscal year 2025-26. While the number of fraud cases decreased for both public and private sector banks, the total amount involved increased significantly. The RBI is also enhancing cyber resilience through initiatives like the Cyber Range platform to better prepare for emerging threats.
- ▪Banks reported 10,114 fraud cases involving ₹48,021 crore in FY26, a decrease from the previous year.
- ▪Public sector banks saw a decline in fraud cases but an increase in the amount involved, reaching ₹35,709 crore.
- ▪Private sector banks reported a drop in fraud cases to 3,956 in FY26 from 14,024 in FY25.
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Banks and financial institutions, taken together, reported 10,114 fraud cases involving ₹48,021 crore in 2025-26, against 23,722 cases involving ₹32,803 crore in 2024-25, according to the annual report for the Reserve Bank released on Friday (May 29, 2026).An assessment of bank group-wise fraud cases over the last three years indicates that although the number of frauds for public and private sector banks has reduced, the amount involved has increased over the years, said the RBI Annual Report for 2025-26.
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