Tuesday, August 18, 2026

Mint Explainer: Why SC allowed banks to tag fraud without oral hearings and what it means

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Mint earlier reported, citing RBI data, that bank fraud trends show a mixed pattern, with fewer cases but higher amounts involved. In April–September 2025-26, banks reported 5,092 fraud cases, sharply down from 18,386 a year earlier, but the total value rose to 21,515 crore from 16,569 crore. This continues the trend seen in 2024-25, when frauds declined to 23,879 cases but the amount jumped to 34,771 crore, partly due to reclassification following the Supreme Court’s 2023 ruling.

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