Banking Regulation And E-Banking Fraud In The Indian Banking Sector: A Critical Analysis
- IJLLR Journal
- Mar 21
- 1 min read
Julit Susan Easo, Christ (Deemed To Be University), Bangalore
Dr. Shilpa M L, Christ (Deemed To Be University), Bangalore
ABSTRACT
The Indian banking sector has seen a significant transformation with the widespread use of digital technologies, making e-banking services more accessible and convenient than ever before. From online fund transfers to mobile banking applications, these advancements have made financial transactions simpler for millions of customers. However, along with these conveniences comes an increasing risk of online fraud and cyber threats.
This study closely examines the regulatory structure governing the Indian banking sector and evaluates how effectively it addresses the challenges posed by e-banking fraud. It reviews key guidelines introduced by the Reserve Bank of India (RBI) and other authorities to safeguard consumers and maintain trust in digital banking. Despite these efforts, several challenges persist, including a lack of awareness among customers, delays in resolving complaints, and the growing complexity of cyber fraud techniques.
By analyzing real-world incidents and relevant data, this research assesses the success of existing regulations in tackling fraud and identifies areas that require immediate improvement. It also provides practical suggestions for enhancing cybersecurity, strengthening compliance measures, and ensuring a more secure e-banking environment. The objective is to strike a balance between embracing digital advancements and implementing strong security measures, ultimately fostering a more secure and reliable digital banking system in India.
Keywords: E-banking fraud, Digital banking, Technologies and innovation, Cybersecurity.
