ranjan

A number of studies and reports exist on bank frauds. There appears to be no positive effect on Indian economy from the Bank scams. A brief of view of, how such scams damage the economy and steps taken to manage it effectively to improve upon the system are as follows -         Post liberalization period, Indian economy has witnessed several scams. These scams have just not led to the loss of millions of Rupees but also effected the economy in a major way. The scale of these economic crimes and the way in which these crimes have been committed are of a serious concern to the Government and to people as well.       Financial or Banking scams have never been a rare phenomenon in economy of any country. However, India has witnessed a plethora of these unwanted aliens over the past 3-4 decades. Economic offenders by engaging in various illegal trade practices and by way of scams have swindled off billions of money and have exploited all areas of economic activity.      With large consequen