4. Introduction
• The progress of business is depends on
expansion & diversification
• The indicators of growing economy are
acceleration in per capita income, standard of
living, national wealth, national incomes etc.
• In the growing economy some unethical
practices has been observed
5. • Nowadays frauds, scams, corruption etc. has
entered in every sector
• Fraudulent practices are like slow poisoning
which destroy the system of faith, loyalty, and
reliability confidence of the people and help
to proceed towards underdeveloped society
6. Definition
• According to Collins English dictionary fraud
can be defined as,
“Deceit, trickery, sharp practices or breach of
confidence, perpetrated for profit or gain
some unfair or dishonest advantages.”
7. Bank Fraud
• Bank fraud means obtaining money or property held
by bank or customer of the bank in order to make
more money
• The reason of making fraud is to cheat the bank for
financial purpose
• Two major factors are responsible for increasing bank
frauds:
Complexity of bank
transactions
Failure in observance or
procedures and norms laid
down in branch operations
13. RBI Guidelines
• Supervisory strategy
banking supervision, focuses on 2 other areas:
1) Strengthening of the internal control systems
in banks
2) Increased use of external auditors in banking
supervision
14. Conclusion
Bank frauds are done to make money by
cheating the banks. There are several
loopholes in banking system that has been
used by fraudster. The numbers of bank
frauds has been increasing year on year along
with that, RBI also engage in making the
banking system accurate and secured.
