Statsguru: Small-size banking frauds soar, SBI worst-hit PSB in FY25

Card and internet banking frauds formed 56.5 per cent of all cases in FY25, after touching a peak of 80.6 per cent in FY24

Small-ticket banking frauds have been on the rise since the total amount involved in these scams fell sharply by nearly 74 per cent over five years until 2024-25, while cases have more than tripled. Within overall frauds, those related to advances remain significant, making up the largest share of the total amount and nearly one-third of all cases.

 

Frauds related to advances include real estate irregularities, including interest subvention. The Supreme Court’s recent intervention in home-loan subvention schemes has exposed an “unholy nexus” between builders and financial institutions, prompting the CBI to file six fresh cases.

 

Card and internet banking