Financial Fraud: A Comparative Study of Banks Fraud and Profitability

• Author(s): Dr. Sharanraj
• Paper ID: 1702530
• Page: 63-66
• Published Date: 17-07-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 5 November-2020

Abstract

The foundation of the Indian economy is its banking system. After banking regulations were liberalized, private companies were able to enter the banking sector thanks to these changes. Which intern fuels competition in the finance industry. As a result, banking operations become more inventive, efficient, and technologically advanced. It paved the way for the introduction of brand-new financial services and products, including electronic payment systems, mobile banking, and online banking. Which opened the door for a rise in financial fraud throughout the system. So, this essay will examine the broad subject of financial fraud in banks and how it affects revenue. And fraud in banks has climbed by 159.27% in 2019-20, with advances and off-balance-sheet variables being the most significant contributors.

Keywords

Financial fraud, Profitability, and Bank

Citations

IRE Journals:
Dr. Sharanraj "Financial Fraud: A Comparative Study of Banks Fraud and Profitability" Iconic Research And Engineering Journals Volume 4 Issue 5 2020 Page 63-66

IEEE:
Dr. Sharanraj "Financial Fraud: A Comparative Study of Banks Fraud and Profitability" Iconic Research And Engineering Journals, 4(5)