Banking frauds: State run banks to adopt innovative mechanisms and global practices

.....From the regulator's perspective, Vijaya Bhaskar, ED of RBI explained that fraud is an area of concern as it undermines the trust, which is the foundation stone of the banking business. He emphasized that the three lines of defense against Fraud - the employees, the systems and controls and the external agencies like the regulator and law enforcement agencies- should be strengthened.........

Read............