ISSN 2394-5125
 

Review Article 


SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni.

Abstract
Banks are the motors that drive the tasks in the monetary sector, currency markets and development of an economy. With the quickly developing Banking sectors in India, cheating in banks is also increasing quickly, and fraudsters have begun utilizing spearheading strategies. The fraudsters could start from both internal (representatives) and external sources (customers, providers, temporary workers, and legal advisors). As frugal organizations participate in an extensive variety of exercises, frauds could conceivably influence numerous stakeholders, including the investors, the contributors, the borrowers, the staff and the account managing foundation itself. In the last three years, in India, public sector banks (PSBs) have lost several crores of rupees on account of various banking frauds. According to the RBI laws, the number of account management extortion cases has declined, however, the number of cases has increased in recent times. This paper will focus on different endeavored fake and fraud cases for both internal and external misrepresentation plots in the banking sector. This paper is aimed at explaining and adapting towards giving profitable learning, focuses on bank staff who handle day by day banking activities with a specific goal to help them in recognizing and anticipating the comparable event in case of fraud.

Key words: Fraud Analytics, Internet Fraud, Banking Sectors, Money Markets, Innovative Methods.


 
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How to Cite this Article
Pubmed Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. JCR. 2020; 7(4): 209-213. doi:10.31838/jcr.07.04.38


Web Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. http://www.jcreview.com/?mno=94316 [Access: March 21, 2020]. doi:10.31838/jcr.07.04.38


AMA (American Medical Association) Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. JCR. 2020; 7(4): 209-213. doi:10.31838/jcr.07.04.38



Vancouver/ICMJE Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. JCR. (2020), [cited March 21, 2020]; 7(4): 209-213. doi:10.31838/jcr.07.04.38



Harvard Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni (2020) SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. JCR, 7 (4), 209-213. doi:10.31838/jcr.07.04.38



Turabian Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. 2020. SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. Journal of Critical Reviews, 7 (4), 209-213. doi:10.31838/jcr.07.04.38



Chicago Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. "SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS." Journal of Critical Reviews 7 (2020), 209-213. doi:10.31838/jcr.07.04.38



MLA (The Modern Language Association) Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni. "SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS." Journal of Critical Reviews 7.4 (2020), 209-213. Print. doi:10.31838/jcr.07.04.38



APA (American Psychological Association) Style

P. Mary Jeyanthi, A. Mansurali, V. Harish, V.D. Krishnaveni (2020) SIGNIFICANCE OF FRAUD ANALYTICS IN INDIAN BANKING SECTORS. Journal of Critical Reviews, 7 (4), 209-213. doi:10.31838/jcr.07.04.38