Banking Scams in India: GD Topic – Best GD Topics

BANKING SCAMS IN INDIA

BANKING SCAMS IN INDIA INTRODUCTION The regulator of banks in India, Reserve Bank of India (RBI) defines banking scams as; “A deliberate act of omission or commission by any person, carried out in the course of banking transaction or in the books of accounts maintained manually or under computer system in banks, resulting into wrongful gain to any person for a temporary period or otherwise, with or without any monetary loss to the bank.”   There has been a vigorous growth in the banking sector since the liberalization of the…

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