Law Relating to Bank Frauds (Issues and Challenges)

The banking sector in India, while stringently regulated, continues to face serious challenges concerning financial irregularities, frauds, and governance failures. In recent decades, bank frauds-especially financial ones-have become a global concern due to the immense losses involved. These issues are no longer limited to internal mismanagement but now encompass complex external threats as well, particularly in the wake of digital banking advancements.

With the expansion of banking services beyond traditional functions such as deposits and loans, and the growing reliance on e-banking platforms, the frequency and magnitude of frauds have multiplied significantly. This evolving landscape demands a more robust and dynamic response from both the government and regulatory institutions.

India, particularly post-liberalization, has witnessed several high-profile bank frauds that exposed serious gaps in supervision, risk management, and accountability. Such frauds not only impact the financial stability of individual banks but also pose a wider threat to the integrity of the financial system. If not diligently prevented, promptly detected, and sternly prosecuted, bank frauds can erode public trust, undermine the role of the central bank, and even lead to social unrest.

Kush Kalra’s Law Relating to Bank Fraud explores these challenges through a legal and regulatory lens, providing a critical analysis of existing frameworks and suggesting improvements. The book is particularly useful for legal professionals, banking personnel, policymakers, and academics interested in financial law and governance.

Key Features:

• Examines the rising trend of bank frauds in India, especially post-liberalization.
• Analyzes how e-banking and digital platforms have increased fraud vulnerability.
• Discusses the legal, regulatory, and institutional response to banking frauds.
• Highlights the importance of proactive prevention, swift detection, and strict enforcement.
• Serves as a valuable resource for understanding legal remedies and institutional responsibilities.