Banks see frauds worth Rs 5,059 cr in ten years, recover Rs 172 crore
Hyderabad: Banks saw frauds worth Rs 5,059 crore through ATMs, internet banking and credit cards in the past ten years from 2012-22. About 3.05 lakh complaints were lodged regarding these frauds, said RBI in a reply to queries raised under the Right to Information. City-based Youth for Anti-Corruption (YAC) founder Rajendra Palnati has filed a […]
Updated On - 23 June 2022, 11:35 PM
Hyderabad: Banks saw frauds worth Rs 5,059 crore through ATMs, internet banking and credit cards in the past ten years from 2012-22. About 3.05 lakh complaints were lodged regarding these frauds, said RBI in a reply to queries raised under the Right to Information.
City-based Youth for Anti-Corruption (YAC) founder Rajendra Palnati has filed a petition seeking to know how many frauds have taken place in the last ten years across the country. According to information provided by RBI Public Information Officer Abhay Kumar, the recovery from these frauds reported stood at just Rs 171.9 crore and Rs 4,887 is still pending.
The value of frauds was the highest in 2017-18 (Rs 4,552.27 crore). Of this, only Rs 27.57 crore could be recovered.
The petition also sought to know how many cybercrimes have been registered across the country in the last ten years and how much money has been lost and how much has been recovered. RBI said it did not maintain a database exclusively under the filed cybercrime. It said it had no information on how many criminals have been sent to jail. It had details of frauds of Rs one lakh and above where banks had filed complaints with the State police/CBI.
Year Number of frauds Loss (Rs cr) Recovered (Rs cr)
2012-13 793 23.87 20.6
2013-14 978 32.24 15.29
2014-15 845 18.46 16.38
2015-16 1119 26.9 8.57
2016-17 1372 27.77 8.99
2017-18 34791 4552.27 27.57
2018-19 52304 92.56 15.18
2019-20 73386 82.60 24.78
2020-21 73988 87.17 13.50
2021-22 65893 115.35 21.07