Analytical Study of Frauds in the Various Areas of Banking Operations in India

Abstract

Banking system is the backbone of any economy. It is very important that any economy which wants to develop to the full extent of its potential must have a robust banking system. The banking frauds lead to deterioration of public funds and also affect the confidence of the investors in the economy. Over the last decade, the Indian Banking system has gone through a sea of changes. The advent of technology and speedy adoption of the same due to the pandemic days has led to the revolution in the banking sector. The Indian Banking as it develops needs an excellent mechanism of regulation and monitoring to sustain its high growth trajectory.