India’s Banking system has several outstanding achievements to its credit, the most striking of which is its reach. An extensive banking network has been established; and India’s banking system is not longer confined to metropolitan cities and towns. In fact, Indian banks are now spread out into the remote corners of our country. A sound banking system should possess three basic characteristics to protect depositors interest and public faith. These are, (i) a fraud-free culture, (ii) a-tested Best Practice code, (iii) an in-house immediate grievance remedial system. All these conditions are either missing or extremely weak in India. The bank therefore, has to ensure, at all times, that the money of the depositors is not drawn fraudulently. Time has come when the security aspects of the bank have to be dealt with on priority basis. Safety and security are primarily an attitude, an awareness, and a state of mind that recognizes risk and danger and does something to reduce that risk and danger. The present book throws lights on the evolution of the banking system, Reserve Bank of India, nature of crime in the banks, legal provisions in this regard, the methods of Safety and Security measures etc. The book is definitely an improvement over existing literature available on the subject. It is expected that the book would prove useful to all those who are interested in the study of banking system, frauds and legal control.
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