The Trend Analysis of Bank Frauds In India
DOI:
https://doi.org/10.69974/glskalp.03.02.13Keywords:
NPA- Non performing Assets, Bank Frauds, F2D- Fraud to Deposits, A2D – Advances to depositsAbstract
This study is about analysis of banking frauds happened between 2017-2021 in India. To study this prime issue of bank frauds 12 PSU banks and leading 10 private sector banks analysed with the objective to study the trend, comparison of amount involved and cases between the PSU banks and Private sector banks and, relationship of frauds with the lending capacity of banks. In findings, the study revealed that overall trend of amount involved in bank frauds and cases of bank frauds showed upward in last 5 years. In last 2 years, amount of bank frauds in private sector banks remained at higher side compare to PSU banks and in the time frame of private sector banks reported higher cases of frauds compare to PSU banks. These frauds in banks affected to their lending capacity adversely.
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India saw 229 banking frauds per day in FY21, less than 1% amount recovered - BusinessToday
RBI News: India loses Rs 100 crore to bank fraud every day over past 7 years: RBI - The Economic Times Video | ET Now (indiatimes.com)
