The document discusses bank frauds in India. It notes that over 53,000 fraud cases have been reported by banks from 2008-2019, involving over Rs. 2 trillion. The number and amount of frauds have increased substantially in recent years. Common types of frauds include account opening fraud, cheque fraud, loan fraud, and online frauds like phishing and SIM cloning. The document provides safety tips for bank customers and concludes that frauds can significantly impact banks and undermine economic stability, presenting challenges for investigation agencies.

1. Topic:- Bank Frauds & its safety.
Power Point Presentation
Details:-
Company/Industry:- Banking Industry
Presented by:-
BISWAJIT GHORAI
M.Com-3rd Sem.
Roll No.:- 07
Year:- 2019
Vidyasagar University
Midnapore, WB.

2. Banks are an essential part of the Indian economy.
While the primary responsibility for preventing
frauds lies with banks themselves.
Banks dealing with public’s money due care and
diligence.
The RBI is advisory to banks for prevention of
frauds.
Introduction

3.  Fraud can loosely be defined as “any behaviour which one
person intends to gain a dishonest advantage over
another” under section 17 of the Indian contract act,1872.
 RBI has defined the term “fraud” in its guidelines on
frauds which reads as under-
“A deliberate act of omission or commission by any person,
carried in the course of a banking transaction or in the books
of accounts maintained manually or under computer system
in banks, resulting into wrongful gain to any person for a
temporary period or otherwise, with or without any
monetary loss to the bank.”
Definition of Fraud

4. In last 11 fiscal years, a
53,334 fraud cases
were reported by
banks involving Rs
2,05,735.31 crore.
In the last fiscal year
there is an increase of
over 73 per cent in the
fraud amount.
Fraud cases reported by Reserve Bank of India(RBI)
Fiscal years Number of
fraud cases
Amount
involve (Rs
in crore)
2008-09 4372 1860.09
2009-10 4669 1998.94
2010-11 4534 3815.76
2011-12 4093 4501.15
2012-13 4235 8590.86
2013-14 4306 10170.81
2014-15 4639 19455.07
2015-16 4693 18698.82
2016-17 5076 23933.85
2017-18 5916 41167.03
2018-19 6801 71542.93
Total 53334 205735.31
Source:- Economic Times of India.
Dated:- Jun 03, 2019.

5. 0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
5500
6000
6500
7000
7500
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
Number of fraud cases in Indian banks (2008-19)
Number of fraud cases

6. 0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
55000
60000
65000
70000
75000
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
Amount involved in fraud cases (2008-19)
Amount involve (Rs in
crore)

7.  Account opening fraud.
 Cheque fraud.
 Counterfeit securities.
 Loan fraud.
 Money laundering fraud.
Letters of credit etc.
Types of Frauds
Types of frauds can be subdivided into two categories such as-
I. Frauds in offline mode.
II. Frauds in online mode.
I. Frauds in offline mode:

8. II. Frauds in online mode:
 Sim swapping and porting.
 Sim cloning.
 Phishing.
 Duplicate website and application.
 ATM skimmer.
 Third party application.
 Remote access.
 Man in the middle attack.
 Identity theft etc.

9. Safety tips
 Check domain name and registry of websites.
 Never share confidential information through call, SMS or
any other media.
 While entering PIN, passwords and CVV etc in the required
field it should not be shown in the field rather than it
should be * marked.
 Beware about skimming machine and hidden camera in the
ATM room.
 Do not share personal information on social media.
 Never write passwords, PIN and other confidential
informations in anywhere especially in mobiles and PCs.
 Check privacy and terms & conditions for things before
doing.
 We should use good and paid anti-virus on our PCs, tablets
and mobiles etc.

10.  The impact of frauds on entities like banks and the
economic cost of frauds can be huge in terms of likely
disruption in the working of the markets, financial
institutions and the payment systems.
Frauds can have a potentially debilitating effect on
confidence in the banking system and may damage the
integrity and stability of the economy.
 It can bring down banks, undermine the central banks
supervisory role and even creates social unrest, discontent
and political upheavals.
 The vulnerability of banks to fraud heightened by
technological advancements in recent times.
 Challenge before investigation agencies lies in shape of
capacity building, quality of investigation, support from
experts.
Conclusion

11. Thank You