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Value of bank frauds in India 2008-2020

In financial year 2020, the Reserve Bank of India (RBI) reported bank frauds amounting to 1.85 trillion Indian rupees. Thereby, the value of bank frauds more than doubled compared to the previous year. During the last decade, India witnessed a sharp increase in bank frauds, both in total numbers and in value of frauds.

Value of bank frauds across India between from financial year 2009 to 2020

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Sources

Release date

August 2020

Region

India

Survey time period

FY 2009 to FY 2020

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2020 refers to data from April 2019 until March 2020.
One Indian rupee is equal to 0.014 U.S. dollars and 0.011 euros (as of January 2021).

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