Advanced International Journal for Research

E-ISSN: 3048-7641   •   Impact Factor: 9.11

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Volume 7 Issue 5
September-October 2026

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Financial Frauds in Banking Operations in India: Risk and Preventive Strategies

Author(s) Prof. Srinivasa Rao Chilumuri
Country India
Abstract Banking fraud is one of the major operational, financial and governance challenges confronting the Indian financial system. The years 2019–2026 witnessed a substantial transformation in the nature, frequency and financial severity of banking fraud in India. While traditional frauds involving advances, loans, documentation, collateral and internal controls remained important, rapid digitalisation introduced new forms of fraud involving cards, internet banking, mobile banking, digital payments, identity misuse, account takeover and social engineering.
This study analyses banking fraud across various banking operations in India during 2016–2026 using secondary data obtained primarily from Reserve Bank of India (RBI) Annual Reports, RBI supervisory statistics and regulatory directions.
The evidence reveals a significant structural transformation. RBI data show that digital-payment-related frauds have become dominant in terms of frequency, whereas advances-related frauds continue to dominate in terms of financial value.
The objective of the study is to evaluate the banking Frauds in various banking operations and in Bank Group wise in India during 2020–2026.
The study concludes that Indian banking fraud has developed into a dual-risk structure. Effective fraud-risk management requires real-time transaction monitoring, advanced analytics, stronger credit appraisal, integrated KYC systems, cyber security, employee accountability and customer awareness. This study ends with findings, suggestions and conclusion.
Keywords Banking Fraud, Fraud Risk Management, Banking Operations
Field Sociology > Banking / Finance
Published In Volume 7, Issue 5, September-October 2026
Published On 2026-09-18
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E-ISSN 3048-7641
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