The Indian banking sector has experienced considerable growth and changes since liberalisation of economy in 1991. Though the banking industry is generally well regulated and supervised, the sector suffers from its own set of challenges when it comes to ethical practices, financial distress and corporate governance.
This banking brief endeavours to cover issues such as banking frauds, with a detailed analysis. The post touches upon the case of rising NPAs in the past few years across various scheduled commercial banks, especially public sector banks. The post finally proposes some recommendations to reduce future occurrence of frauds in Indian banking sector.
Post Courtesy- @shreynshpandey, @rajatmehta
Special thanks to @tanyasharmaa for the guidance!!