Frequently Asked Questions

EWS or Early Warning Signals are instances of wrongdoing in loan accounts, there are 45 in number as defined by The Reserve Bank

Inconsistencies in claims, suspicious activities, or patterns matching fraudulent behavior are common insurance fraud cases

3 factors that compell an indiviudal to commit fraud - Financial Pressure, Opportunity Access and Justification for the crime

Practice efficient data management, adher to regulatory compliance, and buid an effective risk management framework

Their data can be manipulated in banking fraud and in cases of insurance they may make a false claim or pay higher premiums

In secret shoppig, an investigator poses as a customer and visits a business to evaluate honesty & integrity of its employees

From a few weeks to a year or eighteen months, the duration of investigation depends on the scale & complexity of the fraud

A centralised searchable database of fraud activties, which can be accessed by banks, developed by RBI, CBI and CEIB