the company might ban you from applying for any other jobs at a later date.

Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.

still be on the site and many companies looking to hire employees would asd

Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.Through this site, an employee can apply for jobs in India as well as overseas. Along with this, recruiters can also reach out to employees.

This website has more than 4,75,000 jobs live at any point to which they have received over 60 million job applicant profiles and bio-data. During 2017-2018 Naukri.com has serviced over 76,000 corporate clients, says its corporate website.

To search for jobs on Naukri.com, creating an account is necessary. If you have already found a job (after creating a Naukri.com account) at your dream company and would wish to excel there, then it would be beneficial to you to delete your account.

Therefore, the next step now is to delete your Naukri.com account. It’s important to delete or deactivate your Naukri.com account for several reasons. Here, I will explain these in detail.

Why is it important to delete your Naukri account?
There are many reasons as to why you should delete your account.

One of them are, your profile and resume would still be on the site and many companies looking to hire employees would tend to view your profile.

They might get the wrong impression which is not good for you as an applicant, and think that you are still unemployed. They wouldn’t be aware that you have already found a job and are not interested anymore.

Another reason would be, unwanted and spam messages or calls. Companies who like your profile and wish to hire you are bound to send you a message or call you for an interview.

More importantly, keeping your profile active on Naukri.com sends a wrong message to recruiters. This means, an employer might shortlist you.

But you might not wish to join. As a result, the company might ban you from applying for any other jobs at a later date.

Furthermore, your employer might wrongly believe that you’re dissatisfied with the work and are looking for other jobs. This can impede your career.

(Q1) of FY 2019-2020, banks in India lost Rs.32 billion. This amount was lost in a short span of three months- f

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.

Hence, they’re unable to pay suppliers or receive money from customers unless they have secondary Current Account at some other bank.

As a result, a business might find itself unable to pay salaries or even rent for their offices or other facilities.

If we look at the broad picture, a bank scam or fraud affects the entire Indian society directly or indirectly.

How? Continue reading. I’ll show you with facts and figures how bank scams affect us.

Scams & Frauds Affecting Banks in India
If you think that frauds and scams are rare in India and happen occasionally, think again. Here’s why.

As many as 53,334 frauds hit banks in India from Financial Year (FY) 2009-2010 to FY 2018-2019, says the regulator, Reserve Bank of India. Banks in India lost whopping Rs.2.05 trillion due to these frauds and scams.

Major Public Sector Undertaking or nationalized banks, private and cooperative banks as well as the new generation Small Finance Banks were affected by scams and frauds, the RBI report adds.

During the first quarter (Q1) of FY 2019-2020, banks in India lost Rs.32 billion. This amount was lost in a short span of three months- from April 1, 2019 to June 30,2019, according to Reserve Bank of India figures.

By Q2 of fiscal year 2019-2020, the amount stood at staggering Rs.72.5 billion. About 90 percent frauds were at nationalized banks- which is something shocking.

Reasons for Bank Frauds
While every bank implements stringent rules and regulations prescribed by RBI, scammers and fraudsters often find a ways and means to overcome these.

Unfortunately, some scams and frauds also involve bank employees at various levels.

Given this scenario, you’ll definitely wonder: how safe is your money with banks in India. In this article, I will try and answer this important question.

There are countless reasons for bank frauds. These include lax vigilance of internal systems, frauds in Know Your Customer (KYC) documents by customers and lots more.

How Safe is Your Money at Banks in India?
Under existing laws of India, all commercial banks operating in this country- including foreign banks- have to get a license from the Reserve Bank of India and other relevant departments of the Indian government.

shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once

Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.

Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.

Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.

Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.

Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.Maybe you’ve read news reports of somebody passing away because they couldn’t pay for a live-saving surgery. Not because they were poor. But just because they couldn’t withdraw money from their bank on time because it was hit by a fraud or scam and had to close down.

Or someone that committed suicide or even suffered a heart attack because they lost lifetime savings kept at some bank.

As you would know, these are real-life stories that we read on newspapers or watch on TV. And why do they occur? Because banks in India are frequently hit by scams and frauds.

Unfortunately, scams and frauds that affect banks in India affects millions of people every year. And you could be one among those too. Unless you’re careful with your money, that is.

Just in case you don’t know how bank scams affect people’s life, here’re some details.

How Bank Scams Affects People
bank money safety

Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.

Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.

Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.

Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.

Shareholders & Other Investors
A scam directly affects the bank’s shareholders. Stock prices of the scam or fraud hit bank come tumbling down on the stock exchanges. Once reports of a scam or fraud get into the news, shareholders rush to sell off their stocks. As a result, the once profitable stock begins losing value.

It also impacts investors in Exchange Traded Funds (ETFs) and Mutual Funds (MFs). That’s because an ETF or MF could have invested in stocks of the affected bank.

In fact, lots of ETFs and MFs in India invest part of their money taken from the public on buying Mutual funds and bank stocks because they’re profitable.

When stocks of a bank start spiraling downwards, the value of your ETF and MF investments will also nosedive. Even a highly adept Fund Manager handling an MF from a respectable Asset Management Company (AMC) can do little to prevent this downward slide.

Business Sector
The business sector is worst hit when a scam or fraud hit bank suspends or stops operations. Companies that hold accounts in the scam-hit bank are affected since they might be unable to operate their accounts for regular transactions.