Abstract:
After 1991, when the Indian economy was liberalized, the banking
sector has seen significant growth and improvement. Despite the fact
that the banking industry is largely well governed and controlled, it faces
its own collection of problems in terms of fair standards, financial
distress, and corporate governance. The use of e-banking has resulted in
a large rise in the number of banking transactions. It has also simplified
and increased customer service delivery. According to the report, cyber
theft causes money to be lost that belongs to either the bank or the
consumers. It could even jeopardize the bank's credibility, among other
things. This study endeavors to the association between the Number of
cases of fraud committed with the advancement of E-Auditing with
every successive year transaction volume. For the purpose of study data
of 12 years has been considered from 2009-10 to 2020-21 and linear
regression and analysis of variance has been used to assess the
association between above mentioned factors. This has been observed in
the study that Number of cases of fraud committed will reduce with
every successive year and although more transaction will enhance the
possibility of fraud committed. Despite the security issues associated
with electronic banking in India, the researcher concluded that it has
increased bank operational performance. Based on these results, the
researcher suggests that through Reserve bank of India, Govt. should
implement appropriate security measures for different electronic
banking networks, review the BVN system, and educate customers
about electronic banking operations, among other things.
