Mint Explainer: Why SC allowed banks to tag fraud without oral hearings and what it means
Mint earlier reported, citing RBI data, that bank fraud trends show a mixed pattern, with fewer cases but higher amounts involved. In April–September 2025-26, banks reported 5,092 fraud cases, sharply down from 18,386 a year earlier, but the total value rose to ₹21,515 crore from ₹16,569 crore. This continues the trend seen in 2024-25, when frauds declined to 23,879 cases but the amount jumped to ₹34,771 crore, partly due to reclassification following the Supreme Court’s 2023 ruling.
