1Research Scholar (Finance), Department of Management Studies, Bhagat Phool Singh Mahila Vishwavidhyala, Khanpur Kalan, Sonipat, Phone No: 07056734001, E-mail: anju.rohilla.snp@gmail.com
2Professor, Department of Management Studies, Bhagat Phool Singh Mahila Vishwavidhyala, Khanpur Kalan, Sonipat
Frauds related to loan and advances occupy the largest share in the total number of bank's fraud i.e. 64% of the total amount involved in the total frauds. The loan and advance related frauds show that there is tremendous rise in the past years. As being a developing country, this rise in the number and amount involved in the advance related frauds is the one of biggest risk to the economy of India. The detection and prevention of these kinds of frauds are the major concern for the banks because these frauds are detected usually after a long time of the occurrence. The fraudsters are act like the termites, which weaken the foundation of the nation. This research paper is devoted toward the identifying the measures to combat with frauds specifically loan &advance related fraud in the banking sector of India. The case study methodology has been used to accomplish the objective of the study. This study found that the advance related fraud result into increase into NPA's. On the basis of the entire study a framework is proposed for the early detection of the fraud.
Fraud, Advance Related Fraud, KYC, KYE, RFA, KYP
