Consumer Loans See High Incidence of Fraud

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  • Consumer loans in India face the highest incidence of fraud followed by credit cards, according to a report by credit information company Experian.
  • The number of fraudulent cases for consumer loans has increased annually from 219 frauds detected per 10,000 cases in Q1 2014, to 265 cases per 10,000 as at Q1 2015.
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