Indian Banking : Its Fraud and Crime
Contents: Preface. 1. Introduction. 2. Banking fraud. 3. Fraud and corruption in banking sector. 4. Banking sector reforms in India. 5. Internet banking in India. 6. Cyber crime and law in Indian perspective. 7. ATM frauds and cyber law in India. 8. Starting an Internet bank: practical considerations. 9. E-cheque system in India: a distant reality. 10. Consolidation in banking industry in India. Bibliography. Index.
In the present day, Global Scenario Banking System has acquired new dimensions. Banking did spread in India. Today, the banking system has entered into competitive markets in areas covering resource mobilization, human resource development, customer services and credit management as well. Banking Fraud is posing threat to Indian economy. Fraud is any dishonest act and behaviour by which one person gains or intends to gain advantage over another person. Fraud causes loss to the victim directly or indirectly. Fraud has not been described or discussed clearly in The Indian Penal Code but sections dealing with cheating, concealment, forgery counterfeiting and breach of trust has been discusses which leads to the act of fraud. In contractual term as described in the Indian Contract Act, Sec 17 suggests that a fraud means and includes any of the acts by a party to a contract or with his connivance or by his agents with the intention to deceive another party or his agent or to induce him to enter in to a contract. The book’s erudition and understanding serves well for the readers.
In the present day, Global Scenario Banking System has acquired new dimensions. Banking did spread in India. Today, the banking system has entered into competitive markets in areas covering resource mobilization, human resource development, customer services and credit management as well. Banking Fraud is posing threat to Indian economy. Fraud is any dishonest act and behaviour by which one person gains or intends to gain advantage over another person. Fraud causes loss to the victim directly or indirectly. Fraud has not been described or discussed clearly in The Indian Penal Code but sections dealing with cheating, concealment, forgery counterfeiting and breach of trust has been discusses which leads to the act of fraud. In contractual term as described in the Indian Contract Act, Sec 17 suggests that a fraud means and includes any of the acts by a party to a contract or with his connivance or by his agents with the intention to deceive another party or his agent or to induce him to enter in to a contract. The book’s erudition and understanding serves well for the readers.
