Indian Banks Battle Against Fraud: Dr. Sankarshan Basu

One of the main challenges in the growth of banking in India is rising bank frauds and the costs thus imposed on the system – this has been highlighted by Gerard and Verschueren (2002); Nitsure, (2017); and Sharma, (2012). Interestingly, the problem is not only for India, it is a global issue – the Global Banking Fraud survey by KPMG (2019) shows an increase of 19% in banking frauds between 2010-2015 and 2015-2019, writes Dr. Sankarshan Basu, from the Finance & Accounting area, in Economic Times.