Explanation:

• The Reserve Bank of India (RBI) released its Annual Report for 2020-21.

Decreased Bank Frauds:

• Frauds reported by banks fell by 25% in value terms in just one year to Rs 1.38 lakh crore at the end of fiscal year ended March 2021.
• During the same period last year total frauds reported by lenders was at Rs 1.85 lakh crore. In number terms fraud reporting was down by 15 percent on a year basis to 7363.
• Public sector banks contributed to more than 59 percent of the total value of frauds at Rs 81,901 crore while private sector banks contributed 33 percent at Rs 46,335 crore.