Description
Kamal Law House law Relating to bank And Financial Fraud by Kamalendu Bhattacharyya
KLH’s law Relating to bank And Financial Fraud (Detection And Prevention) by Kamalendu Bhattacharyya – 1st Edition 2024.
How to make Loans/Advances guarding against commissioning of frauds
An effective formula is devised to scent the fraud immediately on its commissioning and detection of the same
Live examples of all types of frauds including e-frauds/ Cyber Crimes viz – ATM Cards/Debit/Credit Card/frauds -with effective, full-proof measures for prevention of the e-type/cyber crimes
How to tackle complaint in respect of SDV LOCKERS with examples
Background of writing the book
Before writing this book, thorough searches were made as to what sorts of books are available on the topic “Bank frauds” in the India market. It would be no exaggeration of fact even though that there are a few books, which are written by some authors, none of them possibly happened to have practical grassroot level practical banking service experience
That one book attracted my attention was found to be written by an advocate who have had no banking background.
On a reference to this book in the Chapter “TRENDS OF FRAUDS IN INDIA” readers will be thunderstruck learning that from 2014 to 2020 on average every year frauds to the tune of Rs. 4,29,123 crore had been perpetrated whereas frauds in respect of advance accounts on average every year happens to be Rs.71,521 crores (Source of Information – All India Bank Employees Association and also Reserve Bank of India).
From the above colossal amounts of frauds every year, it can well be inferred that there are massive leakages and misdirection’s of bank’s funds, largely due to the failure of banks to put in place and implement the necessary regulatory and protective measures to prevent and detect frauds and other related misdemeanors.