Nagpur: India's banking sector has reported frauds amounting to a staggering Rs 36,729.45 crore during the first nine months of the 2025-26 financial year, with a total of 17,574 cases registered across 56 public and private sector banks. This data was shared by the Reserve Bank of India (RBI) in response to a Right to Information (RTI) application filed by Abhay Kolarkar.
Banks with Highest Losses
Among all lenders, Punjab National Bank (PNB) reported the highest financial loss at Rs 7,938.53 crore from 479 fraud cases. The State Bank of India (SBI) followed closely with losses amounting to Rs 6,873.45 crore. While Axis Bank recorded the highest number of fraud cases at 3,350, the total amount involved stood comparatively lower at Rs 857.01 crore.
Other Major Losses
Other banks reporting significant financial losses include IndusInd Bank at Rs 3,556.41 crore, IDBI Bank at Rs 2,664.42 crore, and Union Bank of India at Rs 1,844.16 crore. The data highlights the continuing challenge of financial frauds in the country's banking system, despite repeated regulatory interventions and awareness campaigns.
Types of Frauds
The data pertains to the period between April 2025 and December 2025 and includes cases related to loan frauds, cyber frauds, forged documentation, unauthorised transactions, and other financial irregularities reported by banks to the RBI.
