Friday, 24 March, 2023

Banks reported 50,547 cyber frauds of worth Rs145.08 crore in 2018-19

<p>RBI, in a reply to an RTI query, has told that over 50,000 cyber frauds came into to light in the commercial banks during the FYI 2018-19. Most of the frauds, the bank said, were related to debit cards, credit cards, and internet banking. RBI said that frauds were to the tune of Rs 145.08 cr during the fiscal year. However, it did not say how much money was returned to innocent customers.<br /> <br /> &nbsp;</p>