Title: Emerging trends and growth of banking frauds in India: a substantial obstacle in the pathway of sustainable development

Authors: Neha Sharma; Dhiraj Sharma; Arun Aggarwal

Addresses: School of Management Studies, Punjabi University, Patiala, Punjab, India ' School of Management Studies, Punjabi University, Patiala, Punjab, India ' Chitkara Business School, Chitkara University, Punjab, India

Abstract: The present research paper examines the increasing trends of fraud in the banking industry. The current research seeks to evaluate the growth and trends of fraud in the public sector and private sector banks in India. The image of the ugly part of the Indian banking system has been tried to analyse in the study. An overall picture of both the public and private banking sectors have been shown here in the research. The research also reveals the inter-sector comparative results from the perspective of fraud in both the sectors in the span of the last 15 years. The results of the study indicate that the public sector banks are suffering from this huge loss of amount due to fraud in banking activities. From the angle of economic growth, it is a huge setback for the whole monetary circle of the Indian economy. The results indicate that in both the sectors that are public sector and private sector banks, the increasing number of fraud cases is a big reason for increasing the amount which is involved in bank fraud cases.

Keywords: sustainable development; public sector banks; private sector banks; fraud trends; inter-sector comparisons; India.

DOI: 10.1504/WRSTSD.2020.113060

World Review of Science, Technology and Sustainable Development, 2020 Vol.16 No.3, pp.257 - 274

Accepted: 01 Sep 2020
Published online: 16 Feb 2021 *

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