Economic Consequences of Banking Fraud: A Deep Dive into the Indian Context

Registration ID: IJNRD_205680

Published ID: IJNRD2308448

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Zala Krushnavirsinh R.

Bank, Fraud, RBI, Prevention Measures, Threat

There has been a rapid expansion of the banking sector in India, which plays a significant role in the country's economic growth. However, as banks have expanded their operations, there has been a notable increase in fraudulent activities. Despite the introduction of various observations and regulations aimed at reducing fraud, it is still evident that fraud continues to occur. Fraud poses a threat to an organization's reputation and its relationships with external stakeholders, including customers, suppliers, financiers, and business partners. This paper examines the issue of fraud within the context of the banking industry. The study aims to assess the various factors responsible for fraudulent activities within banks. It intends to investigate the extent to which bank employees adhere to various fraud prevention measures, including those recommended by the Reserve Bank of India. Additionally, it seeks to provide insights into the perspectives of bank employees regarding preventive measures and their awareness of various types of fraud. In this study, researcher focused on 100 employees working in banks located in Gujarat

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Zala Krushnavirsinh R. (August-2023). Economic Consequences of Banking Fraud: A Deep Dive into the Indian Context. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(8), e483-e491. https://ijnrd.org/papers/IJNRD2308448.pdf

Volume 8 Issue 8, August-2023

Pages : e483-e491

Paper Reg. ID: IJNRD_205680

Published Paper Id: IJNRD2308448

Downloads: 000122254

Research Area: Engineering

Author Type: Indian Author

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2308448.pdf

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