CVC issues circular, ask to report to a different depts for different frauds

The Central Vigilance Commission (CVC) said that the monetary threshold for all public sector banks to be reported to all different departments. The CVC has issued a circular from the RBI and asked banks to follow it. The circular asks banks to report cases about the frauds of more than 25 crores till 50 crores to CBI's Security and Fraud Cell. Rs 3 Crore to Rs 25 crore to CBI's Anti-Corruption Branch.More than 50crore to Joint Director.