Frauds Reported in Banks, Check Last 3 Years Data

The issue of banking frauds has been a major concern for India’s financial system, especially in Public Sector Banks (PSBs). Let’s have a look at the frauds reported in PSU Banks.

Frauds in Public Sector Banks based on the date of reporting, in respect of amount involved of Rs. 1 lakh and above in each case. (Amounts in crore Rs.):

Bank	FY 2022-23		FY 2023-24		FY 2024-25
	Number	Amount Involved	Number	Amount Involved	Number	Amount Involved
Bank of Baroda	203	491.42	1,354	345.08	665	574.95
Bank of India	188	570.32	181	953.65	131	1,449.24
Bank of Maharashtra	66	878.11	99	26.04	192	942.10
Canara Bank	140	1,038.86	138	1,085.50	439	4,951.14
Central Bank of India	161	371.48	366	167.24	340	115.05
Indian Bank	105	461.63	563	194.26	357	2,110.58
Indian Overseas Bank	96	1,150.06	455	25.78	177	38.25
Punjab And Sind Bank	103	128.14	38	19.77	86	388.46
Punjab National Bank	215	918.15	423	1,624.17	228	3,177.55
State Bank of India	1,648	4,359.17	3,355	2,803.69	4,012	7,663.92
UCO Bank	207	1,043.66	100	174.34	108	338.45
Union Bank of India	199	1,146.24	388	1,834.77	200	3,917.37

Frauds in Private Sector Banks based on the date of reporting, in respect of amount involved of Rs. 1 lakh and above in each case (Amounts in crore Rs.)

Bank	FY 2022-23		FY 2023-24		FY 2024-25
	Number	Amount Involved	Number	Amount Involved	Number	Amount Involved
Airtel Payments Bank Limited	34	1.54	206	4.94	72	1.12
American Express Banking Corporation	192	7.51	235	13.19	144	4.81
AU Small Finance Bank Limited	54	6.60	463	14.93	790	18.30
Axis Bank Limited	1448	429.59	3395	215.74	3396	944.35
Bandhan Bank Limited	146	31.41	779	40.66	620	41.50
Bank of America, National Association	2	0.07	–	–	–	–
BNP Paribas	–	–	–	–	1	0.14
Capital Small Finance Bank Limited	3	0.03	9	1.08	2	0.16
Citibank N.A.	201	39.60	1437	31.06	66	2.58
City Union Bank Limited	31	16.66	246	32.55	207	110.63
Coastal Local Area Bank Limited	–	–	–	–	1	0.04
CSB Bank Limited	145	10.40	200	20.58	84	10.81
DBD Bank India Limited	15	91.52	248	9.09	67	20.13
DCB Bank Limited	12	1.52	111	10.83	134	5.49
Deutsche Bank AG	19	1.61	30	37.65	25	19.80
Doha Bank QSC	–	–	–	–	–	–
Emirates NBD Bank (P.J.S.C.)	–	–	–	–	1	0.35
Equitas Small Finance Bank Limited	62	4.80	135	8.87	181	17.96
ESAF Small Finance Bank Limited	24	1.40	55	2.87	36	4.23
Federal Bank Limited	169	159.29	764	108.67	261	73.71
Fincare Small Finance Bank Limited	56	6.74	63	12.57	–	–
Fino Payments Bank Limited	27	1.24	161	6.34	37	5.02
HDFC Bank Limited	1462	505.52	6453	805.18	3688	633.33
Hongkong and Shanghai Banking Corporation Limited	127	3.97	232	18.10	585	34.90
ICICI Bank Limited	1415	365.53	7086	712.55	2783	581.75
IDBI Bank Limited	238	1915.36	175	31.65	150	6128.79
IDFC First Bank Limited	87	22.28	268	12.13	221	16.54
India Post Payments Bank Limited	6	3.64	37	1.71	2	0.03
IndusInd Bank Ltd	2080	171.92	1710	54.80	1141	166.23
Jammu & Kashmir Bank Limited	19	380.04	33	241.33	34	198.17
Jana Small Finance Bank Limited	25	1.31	37	1.11	11	0.20
Jio Payments Bank Limited	–	–	3	0.04	1	0.01
Karnataka Bank Limited	40	143.64	76	159.44	117	348.73
Karur Vysya Bank Limited	38	209.58	132	16.67	62	83.49
Kotak Mahindra Bank Limited	703	71.30	896	96.65	306	69.90
Krishna Bhima Samruddhi Lab Limited	–	–	2	0.10	4	0.42
MUFG Bank Limited	1	6.49	–	–	–	–
Nainital Bank Limited	2	0.20	10	3.08	21	23.61
North East Small Finance Bank Limited	4	0.26	6	0.81	7	0.35

Paytm Payments Bank Limited	1	0.40	65	22.24	1	0.03
RBL Bank Limited	627	274.62	1334	51.22	547	49.95
SBM Bank (India) Limited	8	1.02	30	0.93	11	11.79
Shinhan Bank	1	0.46	–	–	2	0.31
Shivalik Small Finance Bank Limited	1	0.19	6	0.21	10	0.59
South Indian Bank Limited	67	62.59	144	65.50	78	118.32
Standard Chartered Bank	238	139.38	687	44.20	546	85.81
Suryoday Small Finance Bank Limited	13	1.22	21	1.56	33	4.12
Tamilnad Mercantile Bank Limited	88	43.85	12	10.65	32	96.34
The Dhanalakshmi Bank Limited	12	160.96	41	4.93	22	4.82
Ujjivan Small Finance Bank Limited	49	6.76	194	16.10	93	5.41
Unity Small Finance Bank Limited	1	0.11	4	0.12	13	3.15
Utkarsh Small Finance Bank Limited	19	1.50	26	3.86	41	3.69
Yes Bank Limited	142	229.83	344	27.69	329	381.44