Banking Frauds in India: A look at Data and its revelations

FrankBanker ResearchMarch 16, 20211 MINUTES

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[dropcap]F[/dropcap]rauds have been Bank’s Achilles heel for time immemorial. FY20 saw an astonishing 160% rise in the reported frauds over previous year. This is despite the increased regulatory oversight, use of technology and increasing digitisation of data. Seems the fraudsters move one step ahead of the system.

But there are some twists in the tale. The stories maybe different for different banks. And so are the type of frauds.

In this storyboard we looked at the reported data for Indian banks, deep dived and found some interesting observations.

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Disclaimer: The opinions expressed here are those of the author and do not reflect the views of FrankBanker.com

FrankBanker Research

Research, reference, and insights by FrankBanker analysts.

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