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 ...