Overview
- Deputy Governor T. Rabi Sankar said frauds per transaction began rising in July after an earlier decline, and the RBI is analysing transaction-level data to identify drivers.
- The central bank is accelerating digital public infrastructure efforts, including tools to trace conduit or mule accounts and work to extend DPI to credit through a unified lending interface.
- FY25 saw 23,953 reported fraud cases versus about 36,000 in FY24, but the value jumped to Rs 36,014 crore from Rs 12,230 crore, partly after 122 earlier cases were reclassified in line with a Supreme Court ruling.
- Private banks accounted for roughly 60% of cases by number, while public sector banks represented over 71% of the total value involved, according to RBI data.
- The RBI is keeping its central bank digital currency in pilot and testing cross-border remittance use cases, citing the need to avoid destabilising bank deposits and credit intermediation.