In line with the Reserve Financial institution’s annual report launched on Friday (Might 29, 2026), banks and monetary establishments mixed reported 10,114 fraud circumstances involving Rs 48,021 crore in 2025-26 as in opposition to 23,722 circumstances involving Rs 32,830 crore in 2024-25.
In line with RBI’s annual report for 2025-26, an evaluation of fraud incidents by banking group over the previous three years exhibits that though the variety of fraud incidents in private and non-private sector banks has declined, the quantity has elevated yr on yr.
In 2023-24 and 2024-25, the cardboard/web/digital funds class had the best variety of frauds, whereas in 2025-26, the prepayment class accounted for the most important share.
When it comes to worth, fraud was concentrated within the pay as you go class over the three-year interval. Public sector banks (PSBs) have reported that whereas the variety of fraud circumstances in 2025-26 has declined year-on-year, the quantity has surged to Rs 35,709 crore.
State-owned banks reported 5,418 fraud circumstances in 2025-26, decrease than 6,916 in 2024-25 and seven,446 in 2023-24. The quantity concerned in such irregularities in PSBs rose to Rs 23,617 crore in 2024-25 and Rs 8,092 crore in 2023-24.
In line with information on fraud circumstances, personal banks additionally reported a decline within the variety of fraud circumstances to three,956 in 2025-26 from 14,024 within the earlier yr and 23,965 in 2023-24.
The quantity concerned in fraud in personal banks reached Rs 11,399 million in FY 2025-26, in comparison with Rs 8,927 million in FY 2025 and Rs 2,667 million in FY 2024.
International banks reported 210 fraud circumstances involving Rs 290 million in 2025-2026, whereas within the earlier yr there have been 1,447 fraud circumstances involving Rs 181 million.
Small finance banks reported 467 fraud circumstances involving Rs 114 million in 2025-26, whereas funds banks recorded 47 fraud circumstances totaling Rs 110 billion.
Within the final fiscal yr, there have been a complete of 8,640 fraud circumstances within the advance cost class amounting to Rs 40,774 crore, whereas in 2024-25 there have been 7,924 circumstances involving Rs 30,367 crore and in 2023-2024 there have been 4,105 circumstances involving Rs 8,917 crore.
In line with the information, card/web/digital cost fraud circumstances stood at 293 involving Rs 29,000 crore, a major decline from 13,332 (Rs 517 crore) in 2024-25 and 28,836 (Rs 1,452 crore) in 2023-24.
The info pertains to frauds of greater than Rs 100,000 crore reported throughout this era, it mentioned, including that frauds reported in a yr might have occurred a number of years in the past.
The RBI mentioned the information for 2025-2026 consists of 314 fraud classes associated to the previous monetary yr totaling Rs 30,199 crore, newly reported after a evaluate following the Supreme Courtroom’s March 2023 verdict.
To strengthen cyber resilience throughout supervised entities (SEs), the Reserve Financial institution is operationalizing its Cyber Vary Initiative by a “state-of-the-art” platform deployed on the Institute of Banking Know-how Growth and Analysis (IDBRT).
RBI mentioned the platform will facilitate cyber coaching workouts based mostly on simulated situations involving incidents noticed or reported throughout the SE, thereby strengthening sectoral preparedness, response capabilities and resilience in opposition to rising cyber threats.
RBI has introduced that it’s going to launch a cyber danger microdata evaluation venture and a evaluate of risk-based approaches for KYC/AML supervision throughout this fiscal yr.
issued – Might 29, 2026 3:22 PM IST
