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Image Credit: Shortpedia

Bank fraud analysis submitted to RBI by CVC

Shortpedia

Content Team

An analysis report including modus operandi, amount involved, type of lending, anomalies observed, loopholes and solutions for top 100 banking frauds have been submitted to RBI, ED and CBI by Probity watchdog Central Vigilance Commission (CVC). The fraud cases were picked from 13 different sectors including jewellery, aviation and media. The report also suggests measures for strengthening SOP and improve monitoring.