Central Vigilance Commission has analyzed top 100 bank frauds as on the year 2017.
Read in Hindi: बैंक धोखाधड़ी के मामलों में होने वाली है कड़ी कार्रवाई
The names of the borrower and the banks have not been disclosed in the report. However, the steps are being taken for all-encompassing actions such as an investigation by the premier investigative agencies, fixing accountability and recovery measures.
The modus operandi of these loans has been thoroughly analyzed and various loopholes have been identified. Based on these findings, various suggestions for systemic improvement have been given in the report, which has also been sent to the department of financial services and the apex Reserve Bank of India, in order to plug the observed loopholes.
This analytical study was initiated by the commission as a preventive vigilance measure so as to minimize the occurrence of such type frauds in the coming future. RBI has confirmed that inputs shall be used for systemic improvements to mitigate the risks.
This study has been done by the commission as a preventive vigilance tool by utilizing its vast experience of handling cases of frauds and staff accountability.