Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)

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Analysis and Preventive Measures of Banking Frauds with Reference to Indian Banking Sector

Authors
Subba Rayudu Thunga1, *, P. B. Lavanya2, Naveen Chinni3
1School of Commerce and Management, Mohan Babu University, Tirupati, India
2Andhra Loyola Institute of Engineering and Technology, Vijayawada, India
3Department of Finance, Gitam School of Business Hyderabad, GITAM Deemed to Be University, Hyderabad, India
*Corresponding author. Email: rayudu.thunga@gmail.com
Corresponding Author
Subba Rayudu Thunga
Available Online 20 February 2024.
DOI
10.2991/978-94-6463-374-0_34How to use a DOI?
Keywords
Banking sector; Bank Frauds; Bad Loans; Financial Resources
Abstract

Economic development of the nation is largely dependent on banking sector performance. It accelerates industrial progress through smooth flow of financial resources, offer huge employment opportunity and extend financial support to the needy. Financially sound banking system is a boon to the nation’s progress. For the recent years the sector has been facing numerous issues of raising bad loans, increasing number of frauds and lack of banking for the undeserved and rural population. This study aims to understand number of frauds; area of operation, amount involved and various causes that are responsible for frauds. The methodology opted for the study is secondary data gathered from various reliable sources. The study revealed that group wise and operation wise number of bank frauds differed significantly. This paper idea will help policy makers to reduce the degree of future frauds.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
20 February 2024
ISBN
10.2991/978-94-6463-374-0_34
ISSN
2352-5428
DOI
10.2991/978-94-6463-374-0_34How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Subba Rayudu Thunga
AU  - P. B. Lavanya
AU  - Naveen Chinni
PY  - 2024
DA  - 2024/02/20
TI  - Analysis and Preventive Measures of Banking Frauds with Reference to Indian Banking Sector
BT  - Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)
PB  - Atlantis Press
SP  - 389
EP  - 397
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-374-0_34
DO  - 10.2991/978-94-6463-374-0_34
ID  - Thunga2024
ER  -