In financial year 2024, banking frauds in India amounted for over 139 billion Indian rupees, a decrease compared to the previous year. By far, the most common frauds occurred in the advances category with 117 billion Indian rupees. In these frauds, the fraudster receives money with the help of stolen or faked banking and/or ID cards.
Fraud cases may have occurred long before they were discovered and reported. The numbers above represented reported cases in the respective time period.
Value of bank frauds in India from financial year 2018 to 2024, by category of fraud
(in billion Indian rupees)
Characteristic
Advances
Off-balance sheet
Forex transactions
Card/internet
Deposits
Cash
Cheques
Others
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Reserve Bank of India. (June 3, 2024). Value of bank frauds in India from financial year 2018 to 2024, by category of fraud (in billion Indian rupees) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/
Reserve Bank of India. "Value of bank frauds in India from financial year 2018 to 2024, by category of fraud (in billion Indian rupees)." Chart. June 3, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/
Reserve Bank of India. (2024). Value of bank frauds in India from financial year 2018 to 2024, by category of fraud (in billion Indian rupees). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/
Reserve Bank of India. "Value of Bank Frauds in India from Financial Year 2018 to 2024, by Category of Fraud (in Billion Indian Rupees)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/
Reserve Bank of India, Value of bank frauds in India from financial year 2018 to 2024, by category of fraud (in billion Indian rupees) Statista, https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/ (last visited September 01, 2024)
Value of bank frauds in India from financial year 2018 to 2024, by category of fraud (in billion Indian rupees) [Graph], Reserve Bank of India, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1223028/india-value-of-bank-frauds-by-category/