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Major Banking Scams in India by Mini suresh is a document available to read on EtoBox.
What is Major Banking Scams in India about?
Banks are essential to the Indian economy but also vulnerable to fraud. The RBI provides guidance to banks on fraud prevention. Common bank frauds include cheque fraud, computer hacking, loan fraud, and credit card fraud. Major frauds in India include the 11,400 crore PNB scam by Nirav Modi and the 9,432 crore loan default by Vijay Mallya of Kingfisher Airlines. Banks must report frauds to the RBI to help prevent future crimes and protect customers.
- Author
- Mini suresh
- Language
- EN