Incidents of credit card fraud in India last year dropped dramatically from two years ago, driven by better card-security measures deployed by banks, new data show.

Replying to a query raised in the Indian Parliament, Narain Meena Namo, the minister of state for finance, revealed that credit card fraud decreased 65%, to 7,305 incidents in 2011 from 20,806 cases in 2009, citing data from the Reserve Bank of India.

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