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flag Indian bank frauds soar, with cases and losses dramatically rising amid digital fraud surge.

flag Bank frauds in India surged in the first half of the current fiscal year, with cases rising to 18,461 and the amount involved increasing more than eight-fold to ₹21,367 crore. flag Internet and card frauds accounted for the majority of cases and over 40% of the amount. flag The Reserve Bank of India (RBI) is working to enhance transaction monitoring and collaborate with law enforcement to combat digital frauds. flag Penalties on banks also increased to ₹86.1 crore. flag Despite this, asset quality improved with non-performing assets at their lowest in 13 years.

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