In financial year 2023, the Reserve Bank of India (RBI) reported bank frauds amounting to more than 302.5 billion Indian rupees. This was a decrease from over 1.3 trillion rupees in 2021. 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.
Value of bank frauds across India between from financial year 2009 to 2023
(in billion Indian rupees)
Characteristic
Value of fraud in billion Indian rupees
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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 0.012 U.S. dollars and 0.011 euros (as of July 2023).
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Reserve Bank of India. (May 25, 2023). Value of bank frauds across India between from financial year 2009 to 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/
Reserve Bank of India. "Value of bank frauds across India between from financial year 2009 to 2023 (in billion Indian rupees)." Chart. May 25, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/
Reserve Bank of India. (2023). Value of bank frauds across India between from financial year 2009 to 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/
Reserve Bank of India. "Value of Bank Frauds across India between from Financial Year 2009 to 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 25 May 2023, https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/
Reserve Bank of India, Value of bank frauds across India between from financial year 2009 to 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/ (last visited July 03, 2024)
Value of bank frauds across India between from financial year 2009 to 2023 (in billion Indian rupees) [Graph], Reserve Bank of India, May 25, 2023. [Online]. Available: https://www.statista.com/statistics/1012762/india-value-of-bank-fraud/