Top 6 banking frauds in India case study

Top 6 banking frauds in India case study

The critical financial situation of India by making bank fraud and every year country loss. That’ why, we come across, banking frauds in India case study to mark the pointers to save financial freedom of India.

Finance and economics is the boon of any country. In this year, most of the banks had faced the NPA frauds. Here is the top 5 banking frauds in India case study that loan drop-down the hands and CEO of company forced to leave after bank fraud.

The big businessman is taking loan from banks and then after they are not known and then walk away from the country. The biggest example is “Nirav Modi” and “Vijay Mallya“.

I think these are the two name that you heard about it but more than that is already available in the market with the banking frauds in India case study.

banking frauds in India case study
banking frauds in India case study

Here we are going to talk about them that one hampering the market of Indian financial system by banking frauds in India case study:

There are 6 big names for the financial system that actually exist from there and then hampered the Indian financial economic system and broke down the backbone of normal and common people of India.

What are the impact if Non Performing Assets (NPA) are High?

The reason is that if that particular loners are not giving the loan there after that Patloon capability and due amount was to be paid by common citizen of India.

That’s why in this article we are going to talk about that what are the biggest name that actually happening these activities for the banks is not performing assets.

Non Performing Assets (NPA) images
Non Performing Assets (NPA) images

What is NPA (Non Performing Assets)?

I hope you heard about npa actually that were known as not performing asset for banks.

Banking system is working on the lending money and backbone of banking system. Once bank is approving the loan then after they can get the interest of it. It’s the main source income of banks.

So whenever they are giving the loan to someone and then after they not returning then in the condition bank is not making any kind of profit from them. That’s why these kind of acid is called as non performing assets.

Here is the list of six big name that actually hampered the economic system.

Nirav Modi Scam
Nirav Modi Scam

6. The Nirav Modi scam 2018

Nirav Modi is the name that actually get the money from India and then walk away towards London.

The most biggest name into the Diamond Jewellery section of India. He is the biggest manufacturer and creator of diamond jewellery supply and manufacturing chain dealer.

Gitanjali is the biggest name of India in the section of jewellery.

More than thousand outlets all over the India of Gitanjali has today right now due to this nirav Modi scam.

He just borrow more than 14000 crore rupees from Punjab National Bank PNB and then after he just make the fraud and walk away from India.

The latest news is that Nirav Modi is in arrest of London police.

Chanda Kochhar scam - lookout notice against chanda kochhar
Chanda Kochhar scam – lookout notice against chanda kochhar

5. The second biggest scam is Chanda Kochhar scam

As we all know that Chandra kochar is the ex ICICI Bank CEO and the biggest name of Indian financial system.

She had left the post of ICICI Bank after more than 26000 crore rupees of scam. Express news was not big because iCICI Bank brand had diluted that particular news from news Agencies and the system.

Chanda Kochhar had made most of the decision regarding the non performing Assets and diluted that particular financial values as null.

That’s why most of the cases no any person has been marked as suspicious victim of that particular scam.

It was well planned master game by ex CEO of ICICI Bank Chanda Kochhar.

But right now she had left the job and move from the country as same as Nirav Modi and Vijay Mallya.

This is very sad because chandra khochar was the winner of Padmashree award. She was the most respected women into the financial system of India.

But money stays with the name. Right now the bad name is continue with Chanda Kochhar. We hope that she will come soon and return the money of india as soon as possible because Indian government is working on it and ICICI bank is going to corporate on that particular and non performing asset system.

Shikha Sharma the ex CEO of Axis Bank made the scam
Shikha Sharma the ex CEO of Axis Bank made the scam

4. Shikha Sharma the ex CEO of Axis Bank made the scam of 23000 rupees

Shikha Sharma was the ex cEO of Axis Bank till 2018. She had worked very well but right now in 2018 she was marked as a scammer of more than 20000 rupees.

It’s not there but definitely the cases are going into the court and she is not working with Axis Bank anymore.

It can be a clever game by some Businessman but it is not there that she had made any mistakes till now.

But the truth remain the same is that Indian government had lost 23000 rupees from Axis Bank. And zero recovery possible till now.

Sharma was a private sector company that she had send the money to was real estate owner without any verification and justification of the papers.

Right now there was no identity by that real estate owner. And money was somewhere else.

It was totally that we can say that she is the victim but definitely the mistake had been done by the ex CEO of Axis Bank.

Rana Kapoor ex CEO of Yes Bank scam
Rana Kapoor ex CEO of Yes Bank scam

3. Rana Kapoor ex CEO of Yes Bank

Rama Kapoor was it passed out the most intelligent and respectable person who had named as the fraud and a scammer person of Yes Bank.

He was assigned as a CEO of Axis Bank in 2017 beginning. But he never knows that the opportunity already remains the same. He had made the scam of 4300 crore rupees the 2019 beginning.

Rana Kapoor was the ex RBI member. And the professor of lord Oxford university of London.

The claim was that he had given lots of money towards several lenders including Yes Bank close that name towards the bank.

The overall loss was 8300 crore rupees. Still no recovery has been possible in the Judiciary system will accuse the person. He is not continuing the job with Yes Bank anymore but yes another fraud any scam happened with the common people of India.

RBI Governor urjit Patel left the job
RBI Governor urjit Patel left the job

2. RBI Governor urjit Patel left the job

This is the most shocking news india because RBI Governor urjit Patel left the so post in 2019 January without any reason.

Who is the truth but that he had made looks of into the system and that’s why Indian government moved towards another department and made the resignation possible as soon as possible.

He had given lots of lending money towards the Businessman without any verification of documentation and justification.

On behalf of that he had made multiple errors of documentation. Shiva The recommendation suggest by the government had not applied so that’s why he had left the job of RBI governor.

This was the most shocking news no one verified that what was the reason but definitely it’s true that something is not happening well into the system of RBI.

npa photo with analyis data chart
npa photo with analyis data chart

1. SMS bank scams with common people of India

As per the record of GDP of India is that most of the scam is happening to SMS.

Towards the mobile and telling that you have to update your Aadhaar number. This will cause bank scams and common people will loss their money on it.

You just click the website link and then after fill out your Aadhaar number and then your Aadhaar link with account and you don’t have to pay anything for the loan.

When you fill the form and giving your Aadhaar number and providing that valuable information to what’s the website then after brother SMS will come and tell you that you have to apply for loan of 500000 Rupees with documentation of certain things.

banking frauds
banking frauds

Vamsi of light with the documentation on that particular website then after they are asking you 15000 rupees to process the loan.

All the system has been made by the complete on system you don’t have to do anything.

It seems like it’s truly professional but as a scam and it was meet in 2019 with more than 100000 customers of Central banks.

The cause was that most of the person is very friendly with online system and the handmade 15000 rupees learning process because they want loan as soon as possible.

Vijay Mallya Scam
Vijay Mallya Scam

But after that 15000 rupees of deposit am not getting that particular loan ever and the scam happened.

The protective amount of a scam was around 1000 crore rupees with the citizens of India.

So my dear friends these are the few cases and scams has been happened in 2019 this is just a guideline to you that you have to follow our news channel and follow the system to get the latest informational news of financial update.

NPA impact on Indian economy photo explained guide to reduce banking frauds in India case study
npa impact on Indian economy photo explained guide

Banking frauds in India case study – What can we do to prevent from PNB scam?

This is scams will happening because you are not aware. The final verdict will be coming to us because we have to pay that money if someone walk away from the India then that money we have to pay in our life as taxes and other charges.

steps taken by govt for npa ration maintaince photo image
steps taken by govt for npa ration maintaince photo image

The effect of this particular scams was that Indian government is can’t work towards development and funding a system. It was banking frauds in India case study. Hope you like it.

Be aware about that and find out the latest news and updates with our systems right now thank you very much.

Their are multiple types of scams like central fraud registry RBI. These things will cause insecurity regarding financial institutions. May be share will go down if SBI fraud or HDFC scam will into the picture.

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