However, the number of fraud cases didn’t fall at the same pace as a total of 7,940 frauds reported by the PSBs in 2021-22, against 9,933 incidents reported in FY21, said the RBI‘s reply to Madhya Pradesh-based RTI activist Chandrashekhar Gaur.
According to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (
), involving 431 such incidents.
The country’s largest lender reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases — reflecting incidents of a large number of small value frauds.
Bank of India reported frauds worth Rs 5,923.99 crore (209 incidents), followed by
at Rs 3,989.36 crore (280); Rs 3,939 crore (627), while Canara Bank reported frauds worth Rs 3,230.18 crore in just 90 cases — showing that the transactions were of high value frauds.
Among others, Indian Bank customers faced frauds amounting to Rs 2,038.28 crore in 211 cases;
Rs 1,733.80 crore (312); Rs 1,139.36 crore (72 cases); Central Bank of India Rs 773.37 crore; Rs 611.54 crore (114 crore) and Punjab & reported frauds of Rs 455.04 crore in as many as 159 incidents.
RBI said that the data may change subject to rectification/update made subsequent to first reporting of banks (in respect of individual frauds). As per the RBI reply, the amount of frauds worth less than Rs 1 lakh has been recorded from April 1, 2017.