Banking frauds grow 8-time in H1FY25, says RBI report

RBI report on Trend and Progress of Banking in India 2023-24 said the number of frauds during April-September stood at 18,461 involving Rs 21,367 crore compared to 14,480 cases involving Rs 2,623 crore in the comparative period of the last financial year, based on the date of fraud reporting.