Case Solution & Analysis for Fraud at Bank of Baroda: Manage Risk or Manage Crisis by Sanjay Dhamija.
Complete Case details are given below :
Case Name : Fraud at Bank of Baroda: Manage Risk or Manage Crisis
Authors : Sanjay Dhamija
Source : Ivey Publishing
Case ID : 9B16N021 / W16476
Discipline : Finance
Case Length : 09 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
Bank of Baroda was the second-largest commercial bank in India, but it was struggling with a decline in profits and an increase in non-performing assets. Only a week before the new chief executive officer’s term commenced, Bank of Baroda was in the news due to reports of fraud occurring at the bank’s Ahmedabad and New Delhi operations. The frauds involved bill discounting schemes and money laundering. The bank’s violations of its “know your client” and anti-money laundering standards raised concerns about its risk management practices-or lack of such practices. The new chief executive officer was only the second executive from the private sector to head a public sector bank. He needed to prove his value in the world of public sector banking by managing the crisis, implementing a strategy to stabilize the bank’s financial health, and preventing a recurrence of the problems.Sanjay Dhamija is affiliated with International Management Institute-New Delhi.
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