RBI, in an earlier report, said that in the first half of FY22, there were 4,071 bank frauds worth Rs 36,342 crore. Recently, in a written reply to the Lok Sabha, MoS Bhagwat Karad said that Kotak Mahindra Bank has the highest number of bank frauds, at 642, in the first nine months of FY22, followed by ICICI Bank at 518 and IndusInd Bank at 377.