CVC seeks data on fraud from banks - News Summed Up

CVC seeks data on fraud from banks


"Now what we have done is that we got the information collected from the Reserve Bank of India (RBI) on cases of fraud. "Right since 2001, whatever fraud has been reported to the CBI, Rs 3 crore and above, all those information is being collected. We have talked to chief vigilance officers of the public sector banks. They have been asked to submit the data by November 15," he told PTI.The vigilance commissioner said the information will then be analysed to find out the common modus operandi used in various types of fraud. "In times to come, it will be ensured that there is a common data base or data pool is available to the bankers where various types of modus operandi are available.


Source: Economic Times November 05, 2017 05:37 UTC



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