Financial institutions report over 10,000 cases of fraud involving ₹48,000 crore in FY26: RBI data
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…