The RBI assessment of bank group-wise fraud cases over the last three years indicates that while the number of frauds for public and private sector banks has reduced, the ________ involved has increased.
- frequency
- amount
- complexity
- detection rate
Answer: amount
Despite a decline in the number of fraud cases, the amount involved in these frauds has paradoxically increased for both public and private sector banks. This trend suggests fraudsters are executing larger-value scams, making detection and prevention more critical.