fraud and scams in banking sector

7/24/2019 Fraud and Scams in Banking Sector

1/95

K. M. AGRAWAL COLLEGE

Of Arts, Commerce & ScienceGANDHARI, KALYAN (W) 421 301 Tel No: 2315959

(NAAC Accre!"e A)

Project Report on:

FRAU A! SCAMS "! #A!K"!G SEC$OR

S%mitte' #(:

Mr. Pr)ti*.S.S)*+)*)r

Ro !o: -

$./.#.com 0#)n*in1 & "ns%r)nce2 3Semester 45

S%mitte' $o:#$!%er&!"' o *+-!

Project G%i'e:

PROF. SU6EE$ S"!G7

Ac)'emic /e)r:

2015.201/

K.M.AGRAWAL COLLEGE OF AR$S, COMMERCE & SC"E!CE

Accre!"e ' NAAC A, KAL/A!5


2/95

ECLARA$"O!

I, Mr. PRA$"K S SAK7ALKAR, ro+ KAGRAWAL CLLG

ART6, CRC -$ 6CINC, &"*e$" o $./.#A!K"!G &

"!SURA!CE 3SEMES$ER 85,6AT No Here ' &*+!" +' 7ro8ec"

re7or" o$ FRAU A! SCAMS "! #A!K"!G SEC$OR.

I -l&o ecl-re "-" "!& 7ro8ec" !c !& "e 7-r"!-l *l!ll+e$" o "e re;*!re+e$"

or "e e I$&*r-$ce) o "e MUM#A"

U!"4ERS"$/!& "e re&*l" o +' o$ eor"& !" "e el7 o e?7er"&

0Mr.PRA$"K S S)*+)*)r2

6AT N @@@@@

2


3/95

K. M. AGRAWAL COLLEGE OF AR$S, COMMERCE & SC"E!CE

KAL/A! 0WES$2 9 - ; or "e Semester?4 of $./.#com 3#A!K"!G &

"!SURA!CE5 , !$ "e Ac-e+!c Ye-r


4/95

4


5/95

ACK!OWLEGEME!$

T!& Bro8ec" !& o$FRAU A! SCAMS "! #A!K"!G SEC$OR!& - re&*l"

o co.o7er-"!o$, -r or= -$

or+ o - 7ro8ec" or=

I o*l -l&o l!=e "o "-$= re&7ec"e PROF. SU6EE$ S"!G7 "e co.or!$-"e

or !&


6/95

CER$"F"CA$E

I, PROF. SU6EE$ S"!G7ere' cer"!' "-" Mr.PRA$"K S SAK7ALKAR

&"*e$" o TYI, 6e-" No @@@@@@ -& co+7le"e 7ro8ec" o$ "o7!c FRAU

A! SCAMS "! #A!K"!G SEC$OR !$ -c-e+!c 'e-r 2015.201/ Te

!$or+-"!o$ &*+!""e !& "r*e -$ or!


7/95

INDEX

SR !O. !AME OF $7E $OP"C PAGE

!O.

PREFACE 7

"ntro'%ction $o #)n* Fr)%' 8-14

Liter)t%re Re=ie 15-16

; C)te1ories Of #)n* Fr)%'s An' Sc)ms

Fr)%'s one ( "nsi'er

Fr)%'s one ( O%tsi'er

17-41

- $(pes Of #)n* Fr)%'s An' Sc)ms 42-50

8 Comp%ter epreci)tion 51-53

@ Effects Of #)n*in1 Fr)%'s 54-56

D #)n* R%es Re1)r'in1 #)n* Fr)%'s 57-58

Roe Of #)n*er in A #)n* Fr)%' 59-60

Re1%)tions Of Reser=e #)n* Of "n'i) 61-62

< F)ctors Of #)n*in1 Fr)%'s

"ntern) F)ctors

Etern) F)ctors

63-72

C)ssic) Fr)%' Moti=)tion Mo'e 73-75

Fr)%' etection "n Re) $ime For #)n*s 76-77

;.

Actions $)*en #( #)n*s 78-80

Present !e Fr)%' Pre=ention C+)en1es 81-83

C)se St%'( 84-85

4isit Report 86

Conc%sion 87

We iio1r)p+( 88

Anne%re 89-90

7


8/95

PREFACE

I" -& - 7le-&*r-le e?7er!e$ce or +e "o or= o$ "!& 7ro8ec" re7or" RA#D6 AND

6CA6 IN ANKING 6CTR IN INDIA

I" -& $o" o$l' el7e +e "o e$-$ce +' =$ole 8o o77or"*$!"!e&

or "e +-$-"e!r l!e c'cle "o *$er&"-$ "e co+7-$' %-l*e !$ - e""er -' 6*r%e' re7or" -$ &eco$-r'

-"- -re -$ !+7or"-$" oc*+e$" -$ co$"-!$& !$or+-"!o$ "-" c-$ e *&e "o !$ o*" -"

-re "e !$!$


9/95

C7AP$ER !O?

"!$ROUC$"O! $O FRAU

r-* c-$ e &ee$ -& "e !$"e$"!o$-l +!&re7re&e$"-"!o$, co$ce-l+e$", or o+!&&!o$ o "e "r*"

or "e 7*r7o&e o ece7"!o$ or +-$!7*l-"!o$ "o "e !$-$c!-l e"r!+e$" o -$ !$!%!*-l or -$

or

r-* !"!$ "e -$=!$< !$*&"r' -& eco+e - 7role+ "o !c &ol*"!o$ +*&" e 7ro%!e

!$ %!e o "e l-r


10/95

7l-$&, *7-"!$< ol +e"o& -$ "r'!$< o*" $e "ec$!;*e& o '7-&&!$< "e&e elec"ro$!c

&'&"e+& +e-$" "o e$&*re !

+e-&*re& -$ c-7!"-l!e o$ c-rele&&$e&& o "e &"- -$ c*&"o+er&, r-* !$ "e !$*&"r' -&

7re%e$"e +-$' -$=& ro+ -c!e%!$< "e!r


11/95

MEA!"!G OF FRAU:

Te 7ro !%er&!!c-"!o$ Te !$!c-"or& o

rel!-!l!"' co$!e$ce o "e 7eo7le > el7 "o 7rocee "o-r& *$er e%elo7e &oc!e"'

r-* !& -$' !&o$e&" -c" -$ e-%!or ' !c o$e 7er&o$


12/95

EF"!"$"O! OF FRAU

Dece!", "r!c=er', &-r7 7r-c"!ce& or re-c o co$!e$ce , 7er7e"r-"e or 7ro!" or


13/95

7o&!$< -& - -$= or o"er !$-$c!-l !$&"!"*"!o$ I$ +-$' !$&"-$ce&, -$= r-* !& - cr!+!$-l

oe$ce W!le "e &7ec!!c ele+e$"& o 7-r"!c*l-r -$=!$< r-* l-& %-r' e"ee$

8*r!&!c"!o$&, "e "er+ -$= r-* -77l!e& "o -c"!o$& "-" e+7lo' - &ce+e or -r"!!ce, -&

o77o&e "o-$= roer'or "e" or "!& re-&o$, -$= r-* !& &o+e"!+e& co$&!ere

-!"e.coll-r cr!+e -$=!$< r-*& co$&"!"*"e - co$&!er-le 7erce$"-


14/95

%!c"!+ o "e "e+7"-"!o$& "er co$"r!*"or' -c"or& -re !$co+7e"e$ce, le"-r


15/95

Te or r-* -& ee$ e!$e !$ "e I$!-$ co$"r-c" -c".I$ &or" r-* !& !&o$e&"'

le-!$< "o lo&& "o &o+eo$e D!&o$e&"' !& $e%er -cc!e$"-l Tereore "ere !& -l-'& -

&!$ler e!$ e-c -$= r-* Te $*+er o -$= r-*& !$ !$!- !& &*&"-$"!-l I" !&

!$cre-&!$< !" "e 7-&&-


16/95

I$ le

"e -$=& "o-' -& $e%er ee$ -" - !

16

le+e$"& o r-*


17/95

W ! l l

3 7 7 o r " * $ ! " '

4 ? ! "

c-lle W or -$' r-* "o "-=e 7l-ce "ere +*&" e - W!ll, -$ 77or"*$!"' -$ ?!" (e&c-7e

ro*"e) A r-* !ll o$l' co+e -o*" ! "e 7er7e"r-"or& -%e "e !ll "o co++!" "e r-*, ! "e

occ-&!o$ "o co++!" "e r-* !& 7re&e$"e -$ ! "ere !& - -' o*" or e&c-7e +e-$& ro+

-77ro7r!-"e &-$c"!o$& or !$&"!"*"!o$& "-" -re -o*"&!er& co$$!%!$< "o


18/95

C -"e


19/95

R

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R o g u e T r a d i n gF r

a d

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L o

a n

s

F r a d u l e n t L o a n sW

i r

e

f ra

u

d

W i r e f r a u dD e

a n

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d r

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f r a

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D e a n d d r a f t f r a u dT !

e f t

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t i t

"

T ! e f t o f i d e n t i t "F o r g

e d o r

f r a ud u l e

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d o # u

e n ts

F o r g e d o r f r a u d u l e n t d o # u e n t s$ n

i n s

u re d

d e

% o

s i ts

$ n i n s u r e d d e % o s i t s

19

r-*& o$e I$&!er&


20/95

. Ro1%e $r)'in1:

A ro


21/95

$e -' "o re+o%e +o$e' ro+ - -$= !& "o "-=e o*" - lo-$, - 7r-c"!ce -$=er& o*l e

+ore "-$ !ll!$< "o e$co*r-


22/95

W!re "r-$&er $e"or=& &*c -& "e !$"er$-"!o$-l, !$"er-$= *$ "r-$&er &'&"e+ -re "e+7"!$

+ e r

e + o

To"-l -+o*$" !$%ol%e : R& 3525F4 l-=&

A+o*$" reco%ere : N!l

#rief +istor( 0mo'%s oper)n'i2:6 PE, - co+7-$' -& e$8o'!$< cre!" -c!l!"!e& !" co$&or"!*+ o -$=& Te

co+7-$' -77ro-c e*c-"!o$ o*r -$= or cre!" -c!l!"!e& o*"&!e 7*r%!e o

co$&or"!*+ -rr-$ *&-$ce !$ 90 -'& !$l-$ 10 -' !+7or" Te -cco*$" -& cl-&&!!e -& NBA

o$ !$%e&"!


91/95

or collec"!o$ o 7r!+-r' -"- I -%e %!&!"e "!"A! O4ERSEAS

#A!K KAL/A! 0W2 r-$c Te r-$c +-$-

-$ -'& "o +!$!+!e "e -$=!$< r-*& -$ &c-+& I" -&


92/95

CO!CLUS"O!

-$= r-*& -re o$e "o +-=e +o$e' ' ce-"!$< "e -$=& Tere -re &e%er-l loo7ole& !$

-$=!$< &'&"e+ "-" -& ee$ *&e ' r-*&"er& Te $*+er o -$= r-*& -& ee$

!$cre-&!$< 'e-r o$ 'e-r -lo$< !" "-", RI -l&o e$


93/95

A ""7:+-$*7-"r--&"co+-r"!cle&Bo77e$Ar"!cle-&7?

ID]/4429e.ee.4c25.-cF1.

-50-/5Fc>"?"&e-rc]6*8ec":\20!$-$ce-$=!$

fraud and scams in banking sector

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