Analysis and Preventive Measures of Banking Frauds with Reference to Indian Banking Sector

Subba Rayudu Thunga (), P. B. Lavanya and Naveen Chinni
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Subba Rayudu Thunga: Mohan Babu University, School of Commerce and Management
P. B. Lavanya: Andhra Loyola Institute of Engineering and Technology
Naveen Chinni: Gitam School of Business Hyderabad, GITAM Deemed to Be University, Department of Finance

A chapter in Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023), 2024, pp 389-397 from Springer

Abstract: Abstract Economic development of the nation is largely dependent on banking sector performance. It accelerates industrial progress through smooth flow of financial resources, offer huge employment opportunity and extend financial support to the needy. Financially sound banking system is a boon to the nation’s progress. For the recent years the sector has been facing numerous issues of raising bad loans, increasing number of frauds and lack of banking for the undeserved and rural population. This study aims to understand number of frauds; area of operation, amount involved and various causes that are responsible for frauds. The methodology opted for the study is secondary data gathered from various reliable sources. The study revealed that group wise and operation wise number of bank frauds differed significantly. This paper idea will help policy makers to reduce the degree of future frauds.

Keywords: Banking sector; Bank Frauds; Bad Loans; Financial Resources (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-374-0_34

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