Banking frauds in India seen a rising trend over the past few years. Though the banking sector is well regulated and supervised but it suffers from its own challenges when it comes to ethical practices, financial distress and corporate governance. This paper discuss about the impact of fraud on Indian banking sector. It evaluates the magnitude of fraud cases in different banking groups and its area of operation on the basis of secondary data available from reliable sources. This paper also discusses about the classification, types and causes of bank frauds. The paper finally proposes some recommendations to reduce future occurrence of frauds in Indian banking sector.

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Keywords: Bank Frauds, RBI, Mobile Banking, ABBF, CVC.