The Role of Emerging Banking Technologies for Risk Management and Mitigation to Reduce Non-Performing Assets and Bank Frauds in the Indian Banking System

Abstract

The purpose of this study is to analyze the important risks being faced by the banks in India and the various reasons for increasing NPA and bank frauds. The paper further focuses on how the newly emerging digital banking tools can be applied with improved skills of lending/risk managers to control and mitigate risk to resolve the issue of NPA and frauds. Indian banks need to strengthen Internal Controls related to pre and post sanctioning of loans like credit appraisal and credit monitoring through the support of Advance technology, Data Analytics, and MIS Reports. Continuous training and skill development of bank employees is recommended as both lending and Technology requires experts to handle decision making and risk management. Strong Cybersecurity and firewalls to ensure the technology risk should be managed in a better way to ensure early warning signals. .

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