Impact of Bank Frauds on Financial Performance of Select Banks

Abstract

The Indian banking sector plays a vital role in the Indian economy, serving as a cornerstone for financial transactions, capital allocation, and economic development. However, with the increasing sophistication of financial crimes, banks face significant challenges in safeguarding their assets and maintaining the trust of their account holders and stakeholders. Among these challenges, bank frauds represent a critical threat to the financial stability and reputation of financial institutions worldwide.
This study focuses on investigating the impact of bank frauds on the financial performance of select Public and Private banks, Public Sector Banks including the State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB), Indian Overseas Bank, Union Bank, Private Sector Banks including thus HDFC Bank, ICICI Bank, Kotak Mahindra Bank (KOTAK), Axis Bank, and IndusInd Bank. By examining the relationship between bank frauds and financial performance, this research aims to provide insights into the resilience, risk management practices, and regulatory compliance efforts of these banks.