Frauds fall nearly 50% at banks: RBI Data

“Based on the date of occurrence of frauds, advances-related frauds formed the biggest category prior to 2019-2020,” the RBI said. “In terms of number of frauds, the modus operandi shifted to card or internet based transactions. Additionally, cash frauds are also on the rise.”

from Banking/Finance-Industry-Economic Times https://ift.tt/OBdtEHD