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Scams in Banks PDF
Scams in Banks PDF
Scams in Banks PDF
Topic
Frauds
&
Scams in Banks
Failure in observance or
Complexity of bank
procedures and norms laid
transactions
down in branch operations
3 Categories Of Frauds
Classified By Ghosh Committee
source:http://www.rbi.org.in
Statistics on bank frauds in India
Source:http://www.riskpro.co.in
Frauds Done by Insiders
Frauds Done by Outsiders
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
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.