Journal Press India®

Analytical Overview of Fraud Cases of Selected Indian Banks

Vol 6, Issue 2, July - December 2019 | Pages: 50-61 | Research Paper  

 
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https://doi.org/10.17492/vision.v6i2.190114


Author Details ( * ) denotes Corresponding author

1. Mamta Shah, Assistant Professor, Department of Management, Guru Nanak Institute of Management, GGS IP University, Delhi, India (mshah531@yahoo.co.in)
2. * Anurag Mittal, Associate Professor & Former , Head of Department – Management & IT, Guru Nanak Institute of Management, GGS IP University, Delhi, India (anuraag1975@gmail.com)

The paper examines the history of banking sector frauds and discusses the recent instances of frauds taking place in the Indian banking sector. The paper also presents a few selected statistical reports related to the theme of the paper. The causes and risk factors associated with the frauds in the banking sector have been also addressed. Various cases of fraud related to the Indian banking sector have been discussed and the paper also suggests measures to check such frauds. The RBI too has constituted a specialised working group and different types of internal committees to monitor increasing cases of fraud in the banking sector. Thus at an aggregate level there have been measures in the proper direction and the government should not lose their focus on major broad areas in their battle against banking sector frauds. To tackle frauds is the need of the hour, hence various regulatory reforms to handle banking frauds have been also discussed in the paper.

Keywords

Financial sector; Bank frauds; Blockchain; Money laundering; Quantum computing; RBI; Regulatory reforms

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