Axis Bank reports 40% drop in fraud cases for FY26
Business
Axis Bank just reported a 40% drop in fraud cases for fiscal 2026, backed by its AI-led fraud intelligence, real-time customer controls and a strong branch-led ecosystem.
Even retail customer fraud saw a solid 30% dip compared to last year.
Axis Bank adopts predictive AI models
Instead of old-school rules, Axis now uses predictive AI models that spot and block scams before they happen.
Digital frauds prevented through AI-led monitoring and risk-based controls saw a 4.5-fold increase in FY26 vs FY25.
The bank also cracked down on mule accounts in hotspots like West Bengal, Assam, and Bihar by using smarter risk checks, leading to fewer shady transactions overall.