Indian Banks Shift Focus From Deposits Amidst Fraud Concerns

Banks in India are changing their priorities.

They used to really want people to deposit money, but now they're more focused on giving out loans.

This is because of a rise in online fraud, where criminals use fake accounts to move money around.

These fake accounts are often dormant, but get used for suspicious transactions.

This has led to banks becoming more cautious about deposits.

Banks are now trying to improve security to stop this fraud and are investing in new technology.