Preventive Vigilence

PREVENTIVE VIGILANCE IN BANKS watchfulness means awe;. It is not the purpose of heed to wait for lapses to be connected and then try to conduct post mortem. What is more strategic than punitive concern is birth control device vigilance. Recognizing the richness of preventive vigilance in Banks, the Central Vigilance counsel 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 whitethorn take the following measures on preventive vigilance: (i) (ii) (iii) (iv) meet 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. pursuit the RBI directives and the proposals of the CIV, the following steps pay been und ertaken by the SBI for wile prevention and monitoring: ? Observation of the KYC Compliance and hoax ginmill Day; Introduction of detailed process of tallying Admin hard cash Balance with Physical Cash Balance in ATM. requital of SBIMF through with(predicate) Dividend Warrant Payment Module on CBS.

embodiment The onus Vigilance Committees at the branches having staff capability of 10 or more and at CPCs/Cells irrespective of their staff strength Encourage/popularize talk Blower excogitation. Advise Controllers to picture that secrecy of passwords is not compromised. foundation of Frauds Analysis Ce ll (FAC) at Jaipur to monitor transactions. ! Introduce the concept of compulsory 10 old age leave as Vigilance Leave etc. Ensuring seasonable checking of VVRs Conclusively, in the wake of all the express being brocaded against corruption, preventive vigilance has gained significance, because bank frauds not only touch on the banking institution but tarnishes the image of our evolution economy....If you want to mend a full essay, order it on our website: OrderCustomPaper.com

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