Preventive Vigilence

PREVENTIVE VIGILANCE IN BANKS watchfulness means wonder;. It is not the purpose of heed to wait for lapses to be committed and then try to conduct post mortem. What is more strategical than punitive concern is birth control device vigilance. Recognizing the splendor of preventive vigilance in Banks, the Central Vigilance accusation has suggested that an officer of able seniority is required to be designated as Chief of familiar Vigilance (CIV) who inter alia, shall also be responsible for introducing preventive vigilance measures. The RBI guidelines advocate that the CIV may take the following measures on preventive vigilance: (i) (ii) (iii) (iv) press a study of existing process and practices; undertake a review of the regulatory functions; devise seemly methods of control everywhere exercise of discretion and identify the areas which are prone to corruption. following the RBI directives and the proposals of the CIV, the following steps pay been undertaken by the SBI for trick prevention and monitoring: ? Observation of the KYC Compliance and hoax bar Day; Introduction of detailed process of tallying Admin hard exchange Balance with Physical Cash Balance in ATM. earnings of SBIMF through with(predicate) Dividend Warrant Payment Module on CBS.

var. The onus Vigilance Committees at the branches having staff qualification of 10 or more and at CPCs/Cells irrespective of their staff strength Encourage/popularize talk Blower excogitation. Advise Controllers to take in that secrecy of passwords is not compromised. foundation of Frauds Analysis Cell (FAC) at Jaipur to monitor tr! ansactions. Introduce the concept of compulsory 10 old age leave as Vigilance Leave etc. Ensuring apropos checking of VVRs Conclusively, in the wake of all the express being raise against corruption, preventive vigilance has gained significance, because bank frauds not only pretend the banking institution but tarnishes the image of our evolution economy....If you want to cash in ones chips a full essay, order it on our website: BestEssayCheap.com

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