A PROJECT REPORT ON

Frauds in Indian Banking Sector

SUBMITTED TO:
UNIVERSITY OF MUMBAI
ACADEMIC YEAR
(2015-16)
SUBMITTED BY:
PAYAL AMBHORE
ROLL NO: 17
M.COM PART-II (BUSINESS MANAGEMENT)
(SEMESTER 4)
PROJECT GUIDE:
PROF.MRS.
VPMS
K.G. JOSHI COLLEGE OF ARTS &
N.G. BEDEKAR COLLEGE OF COMMERCE
(THANE)

DECLARATION

I PAYAL AMBHORE studying in MCOM Part-2 hereby declare that I

have done a project on reference to Frauds in Indian Banking Sector.
As required by the university rules, I state that the work presented in
this thesis is original in nature and to the best my knowledge, has not
been submitted so far to any other university.
Whenever references have been made to the work of others, it is clearly
indicated in the sources of information in references

Student
(PAYAL AMBHORE)

Place: Thane
Date:

ACKNOWLEDGEMENT
It gives me great pleasure to declare that my project on Frauds in Indian Banking
Sector have been prepared purely from the point of view of students requirements.
This project covers all the information pertaining to Frauds in Indian Banking Sector . I
had tried my best to write project in simple and lucid manner. I have tried to avoid
unnecessary discussions and details. At the same time it provides all the necessary
information. I feel that it would be of immense help to the students as well as all others
referring in updating their knowledge.
I am indebted to our principal Dr. Mrs. Shakuntala A. Singh Madam for giving us such an
awesome opportunity. I am also thankful to our coordinator Mr. D.M. Murdeshwar Sir and
also librarian and my colleagues for their valuable support, co-operation and encouragement
in completing my project.
Special thanks to PROF.MRS. my internal guide for this project for giving me expert
guidance, full support and encouragement in completing my project successfully.
I take this opportunity to thanks my parents for giving guidance and for their patience and
understanding me while I am busy with my project work.
Lastly I am thankful to God for giving me strength, spirit and also his blessings for
completing my project successfully.

INDEX
Sr.No
1.

CONTENTS
CHAPTER 1

Page No.
1-17

1.1 Introduction
1.2 Definition Of Fraud
1.3 Bank Frauds
1.4 Mechanics Of Bank Frauds

CHAPTER 2

18-37

2.1 Frauds- Prevention And Detection

2.2 Why is it Difficult to Investigate for
the Following Reasons
2.3 Relevant Measures to Tackle Bank
Frauds In India:
2.4 Security In Banking System
2.5 Customer Guidelines to Avoid
Fraud
3

CHAPTER 3

38-48

3.1 Case Study

3.2 PNB Official involved in Bank Fraud of
Rs. 2 Lakh
3.3 UTI Bank: Phishing Fraud
3.4 ICICI Bank {SAFE BANKING}
3.5 Axis Bank : PROTECT YOUR
ACCOUNT
4

CHAPTER 4

4.1 Findings
4.2 Conclusion
4.3 Questionnaire

49-55

 4.4 Bibliography