LAW RELATING TO BANK FRAUDS (ISSUE & CHALLENGES) BY KUSH KALRA EDITION 2025

Bank fraud, a prevalent issue in the financial sector, involves the use of illegal means to obtain money, assets, or property from financial institutions or depositors. It encompasses a range of activities, including fraudulent loan applications, check kiting, identity theft, and cybercrimes. The legal framework for addressing bank fraud in India involves various statutes and regulations, including the Indian Penal Code, the Banking Regulation Act, and the Reserve Bank of India (RBI) guidelines.