India lost ₹100 crore to bank fraud every day over the past 7 years

India lost over ₹100 crore daily to banking frauds or scams over the past seven years, however, there was a year-on-year reduction in the total amount involved, as per RBI data. Maharashtra topped the list, accounting for 50% of the money involved, followed by Delhi, Telangana and Gujarat. From April 2015-December 2021, ₹2.5-lakh crore financial fraud was detected in India.