India: Irregularities in Securities and Banking Transactions in the Indian Financial System in 1992

Abstract

The irregularities in securities and banking transactions, more popularly known as the ‘Bank Scam’ first came to public notice through an exposure by the press on 28th April, 1992, revealing a shortfall in government securities in the State Bank of India, which is a premier bank of the country, amounting to Rs640 crores.

Citation

Singh, J. (1998), "India: Irregularities in Securities and Banking Transactions in the Indian Financial System in 1992", Journal of Financial Crime, Vol. 6 No. 1, pp. 87-92. https://doi.org/10.1108/eb025869