Mumbai: Not too long ago, Indian banks were scrambling to shore up deposits to fuel credit growth. Now, they are more willing to advance loans despite the inherent risk of default than competing for depositors. The reason: digital fraud and fund diversion. Bankers say rising cases of dormant accounts being misused as mule accounts are keeping lenders on their toes. Mule accounts act as conduits for sending and receiving funds that do not belong to the account holder. They usually remain dormant but can see ...