Wednesday, August 27, 2014

RBI to Step Up Vigilance on Banking Sector to Prevent Frauds: Deputy Governor

.........While speaking on the sidelines of an industry event in Mumbai, Mr Gandhi emphasised the need to go "deeper", and hence, the apex bank may also carry out forensic audits of banks. "One has to go behind the fraud and their modus operandi to find out what are the loopholes...which need to be corrected. For that, forensic audits may be done," he said........

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