Digital Banking Frauds in India Show Sharp Decline in FY25

In the past year, banks in India have seen a big drop in digital fraud, like scams on apps or the internet.

This is because banks are doing a better job of spotting and stopping fraud.

Some banks, like RBL Bank, had a huge decrease in fraud cases.

However, some other banks saw an increase in fraud.

The amount of money lost to fraud also went down.

The banks are also getting better at getting the money back that was stolen, though the recovery rate has dropped from the previous year.

This progress is happening because of new technology and more awareness.