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Value of bank frauds across India between from financial year 2009 to 2024 (in billion Indian rupees)

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Source

Release date

June 2024

Region

India

Survey time period

FY 2009 to FY 2024

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.

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One Indian rupee is equal to 0.011 U.S. dollars and 0.011 euros (as of July 2023).

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Value of bank frauds in India 2008-2024

Published by K. Scholle, Jul 23, 2024

In financial year 2024, the Reserve Bank of India (RBI) reported bank frauds amounting to more than billion Indian rupees. This was a decrease from over *** billion rupees in 2023. Thereby, the value of bank frauds turned around the trend, after India witnessed a sharp increase in bank frauds over the last decade, both in total numbers and in value of frauds.

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