A Descriptive Study on Frauds in Various Banking Operations of India

After liberalisation of economy in 1991, Indian banking system has faced several growth and challenges. Although Indian banking system is well regulated, yet this sector suffers from many challenges and frauds in the present time. Banking fraud is a criminal act. Bank fraud is considered to be a white-collar crime. These types of frauds are now becoming more and more frequent and can be considered as one of the main reasons for damaging the economy of the country. Over the years, frauds in the sector have become more sophisticated and have extended to technology based services offered to customers.This paper focus on frauds in various banking operations based on the date of reporting and Frauds in Various Banking Operations Based on the Date of Occurrence during the period 2014–15 to 2018–19.