Mayur Abhyankar’s scientific contributions

The banking sector of India has found an ample amount of growth and differences from the liberation of the economy. Despite the fact that the banking sector has a better regulatory framework and it is well supervised, this sector experienced a variety of challenges when it comes to illegal practices & Financial frauds. This study enlightens issues such as frauds in the banking industry, illegal practices by using secondary data like literature review and case studies covering all the players involved in such malpractices. There are certain issues like rising in NPAs in recent years basically in public sector banks. The study also provides some proposals to reduce the degree of future frauds in the banking sector. This study also provides the numbers and type of frauds occurring in the Indian banking sector.

Insurance Fraud is scariest threat to most of the insurance companies. These companies are facing increasing fraudulent cases of insurance from past few years. These fraudulent cases increase the cost of premium which causes enormous problems to both policy holder and also to insurance companies. Such insurance fraud cases involve unauthorized and unlawful act. Risk management plays a crucial role in insurance industry to counteract these illegal activities. Thus, insurance companies are advised to use these risk managements plan for prevention of insurance fraud. The present study on insurance fraud can be used to analyze risk assessment and fraud pattern also prevention techniques used by organization. The reason of this study is to examine variety of insurance fraud and threat associated with it and formulation of risk management plans to reduce the insurance fraud to smallest possible degree.