RBI Special Investigation Cell To Deal With Bank Corruption

Special investigation cell in the banking supervision department of RBI has been set up to deal with complaints of corruption in the public sector banks. Replying supplementaries in the Lok Sabha on 26^th August, the Finance Minister Mr. Pranab Mukherjee said apart from this officer in the Cabinet Secretariat will also examine the complaints received against Board level appointees of public sector banks. Mr. Mukherjee explained that the nature of complaints against Board level appointees include allegations of writing of loans, taking over of accounts, other banks and irregularities in grant of advances. He said the abuse of official position and possessing disproportionate assets by them are also being investigated. He informed the House that Central Vigilance Commission took up 235 anonymous complaints for verification in the last four years.

http://www.currenteventsworld.com/categories/details/business-and-economy/rbi-special-investigation-cell-to-deal-with-bank-corruption.html