Vol. 2, Issue 10, Part E (2016)

Abstract
The number of ethical questions that the banking fraternity faces are many and multifaceted but in a broader perspective an ethical bank are expected to have a policy that considers those questions that 21^st century globalization and the social and environmental issues thereon poses. Consequently, the banks have their set of professional ethical norms in accordance to Banking Codes and Standard Board of India (BCSBI) and it is greatly expected that the employees duly comply them. The banks have pointed that they will have zero tolerance if any employee breaches the code of conduct and ethics. Indecent or discourteous behaviour of any employees with customers, colleagues, superiors etc., failure of due diligence in any transactions to avoid any possibilities of a fraud or money laundering, theft or pilferage or any dishonest act, involvement in any act in the area of corruption, misuse of office, criminal offences, suspected or actual fraud etc. will call for severe disciplinary actions by the banks. This paper attempts to highlight the perception of bank employees towards certain crucial aspects concerning banking ethics, viz; whether unethical practices have led to bank frauds; does greed amongst the bankers has resulted into the number of bank forgeries; reporting of suspicious activity by the employees; compliance with the code of ethics; and imparting of behavioural training to the bank employees.