North India Statesman
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RBI Report News: During the financial year 2024-25, even though there has been a decrease in bank fraud cases in the country, its amount has increased drastically. In its annual report released on Thursday, RBI said that bank fraud cases have declined during FY 2024-25. However, the amount included in this has increased three times.
According to an RBI report, more cases of fraud were registered in private sector banks in the last financial year. However, the amount of fraud in public sector banks was high. 71 percent of frauds were related to public sector banks.
The amount of loan fraud has increased by 230 percent to Rs 33,148 crore. The number of such cases has doubled to 7950. At the same time, the amount of card and internet fraud has come down by 63 percent to Rs 520 crore. The number of cases of cards and internet fraud has come down by 50 percent to 13,516. The RBI annual report for FY 2025 states that a total of 23,953 cases of fraud in banks were reported in 2024-25. Which is 34 percent less than the financial year 2024. However, in FY 2025, the amount involved in fraud has increased to Rs 36014 crore. This amount is about three times more.
The report states that the amount included in the total fraud reported during the financial year 2023-24 has increased. The main reason for this growth is to re -classify 122 cases of Rs 18,647 crore reported during the last financial year. This step has been taken to ensure compliance with the Supreme Court’s 27 March 2023 decision. These cases were re -investigated and a fresh report was given in the current financial year.
In FY 2025, the highest number of 14233 fraud cases were registered in private sector banks.
Which is 59.4 percent of all cases in the banking sector. 6953 cases were registered in public sector banks but the amount included was Rs 25667 crore. Which is 71.4 percent of the total amount of fraud. The amount of fraud in private sector banks was Rs 10088 crore.
RBI will use torn notes to form a particular board
Mumbai: To make the disposal of currency notes environmentally friendly, the Reserve Bank of India will use torn notes to form a particular board. The RBI annual report released on Thursday said that it has also started the process of inclusion of board manufacturers in the panel. In its report, RBI has said that the amount of banknote briquette or compressed paper blocks produced every year in India is 15,000 tonnes and green options are being discovered for their disposal. Traditionally, most central banks and currency managers burn and destroy torn notes, which are not favorable to the environment. The report stated that the RBI ordered an autonomous body under the Union Ministry of Environment, Forest and Climate Change to find some alternative solutions by an autonomous body, Wooden Science and Technology Institute.
The annual report states that the study has established that particle boards made of currency briquette particles will meet its technical requirements.
RBI has given Rs. Gold price Rs 4.32 lakh crore: 57.12 percent increase compared to last year
Mumbai: The price of gold (including gold deposits) kept as RBI assets has increased by 57.12 percent to Rs 431624.8 crore by 31 March 2025. The main reason for this is an increase of 54.13 metric tonnes in the amount of gold and an increase in its price. According to the report, by 31 March 2025, the central bank had a total of 879.58 metric tonnes of gold. While on 31 March 2024, there was 822.10 MT of gold. Which indicates an increase of 57.48 tonnes of gold compared to the previous financial year. Out of 879.58 MT of gold present in the stock till 31 March 2025, 311.38 MT is shown as the property of the Gold issue department. It is noteworthy that the amount of gold shown as the property of the issue department on 31 March 2024 was 308.03 MT. As of 31 March 2025, the outstanding 568.20 MT is shown as the property of the gold banking department. Whereas on 31 March 2024, the outstanding 514.07 MT of gold was shown as the property of the banking department.
Sleake in defense procurement: Air Force chief expresses deep concern over timeliness
