According to Reserve Bank data released on Tuesday, the amount involved in banking fraud practically halved to Rs 30,252 crore, but the number of incidents increased to 13,530 in 2022–23 year over year.

The Reserve Bank's Annual Report 2022–23 stated that, in terms of quantity, frauds predominated in the digital payment (card/internet) category.

However, in terms of value, frauds have been reported primarily in the loan portfolio (advances category).

A total of 9,097 frauds had taken place in 2021-22 involving Rs 59,819 crore. In 2020-21, the number of frauds was 7,338 and amount involved was Rs 1,32,389 crore.

"An assessment of bank group-wise fraud cases over the last three years indicates that while private sector banks reported maximum number of frauds, public sector banks continued to contribute maximum to the fraud amount during 2022-23," the report said.

Data are in respect of frauds of Rs 1 lakh and above reported during the three years.

The report said there was a 55 per cent decline in the amount involved in the total frauds reported during 2021-22 over 2020-21.