<h1>Government Tightens Bank Fraud Measures: Focus on NPAs Over Rs. 50 Crore and Fugitive Offenders Act.</h1> The government has implemented measures to reduce bank fraud, focusing on large-value fraud detection, reporting, and investigation. Public Sector Banks (PSBs) are required to scrutinize non-performing assets (NPAs) over Rs. 50 crore for potential fraud and report findings. The Fugitive Economic Offenders Act, 2018, aids in deterring offenders by allowing property confiscation. PSBs must obtain passports of key company figures for loans over Rs. 50 crore and consider publishing defaulters' photos. The National Financial Reporting Authority was established to enforce auditing standards. These initiatives have led to the freezing of accounts for 3.38 lakh inactive companies and have improved fraud detection.