Frauds above Rs one lac decreased during 2020-21* as compared to previous year.

RBI data shows:

 *Frauds above Rs one lac  decreased during 2020-21* as compared to previous year.

  In value terms, frauds decreased by 25% whereas they decreased by 15% in terms of numbers. 

Frauds  decreased in  Public Sector Banks whereas they increases in private banks.

Majority of the frauds happened in loan accounts. There was a delay of 23 months in detection of frauds from the date of their happening. However in large value (Rs 100 cr and above) frauds, the delay was 57months