Financial fraud in India is shifting towards fewer, larger cases. The value of reported fraud rose significantly, indicating organised criminal activity. Fraudsters are increasingly using technology and artificial intelligence to evade detection. Lenders are adopting advanced analytics and alternative data for better fraud identification.

Financial fraud in India is shifting towards fewer, larger cases. The value of reported fraud rose significantly, indicating organised criminal activity. Fraudsters are…

Bengaluru: Public sector banks accounted for nearly three-fourths of the value involved in suspected anomalous loan applications reported by banks and financial institutions in…