2025 Digital Banking Fraud Trends in India

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.