BioCatch’s 2025 Digital Banking Fraud Trends in India report highlights the most prevalent types of fraud and financial crime plaguing the country’s financial institutions in 2025.
In this report, you’ll discover:
- Fraud cases triple: BioCatch’s Indian customers reported three times more fraud cases in 2024 than they did in 2023.
- Delayed reporting muddying the waters: Nearly 90% of all fraud cases reported to the RBI took place in previous fiscal years. In the first half of the 2024-2025 fiscal year, only 5% of the reported losses took place this fiscal year.
- Uncertain scale: That reporting delay makes it unlikely we’ll know the true scale of India’s present fraud problem for several years, despite a 715% increase in reported fraud losses in the first half of this fiscal year (to Rs 21,367 crore or $2.56 billion).
- Digital arrest scams rampant: The most prevalent scam type in India, digital arrest scams resulted in Rs 2,000 crore ($240 million) in estimated losses, with more than 40% of these scams originating in Myanmar, Cambodia, and Laos.
- Eyes on mules: Indian banks are increasingly focused on identifying mule accounts. This is made more complicated by an RBI rule requiring financial institutions in the country to receive a court order before taking action against a suspected mule account.
Download now and fortify your defenses against fraudsters with BioCatch’s insights on the ever-evolving world of fraud and financial crime in India.