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 strategic than punitive concern is birth control device vigilance. Recognizing the wideness of preventive vigilance in Banks, the Central Vigilance bang 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) seek a study of existing process and practices; undertake a review of the regulatory functions; devise seemly methods of control everyplace exercise of discretion and identify the areas which are prone to corruption. pursuance the RBI directives and the proposals of the CIV, the following steps pay been undertak en by the SBI for parody prevention and monitoring: ? Observation of the KYC Compliance and hoax prevention Day; Introduction of detailed process of tallying Admin hard hard currency Balance with Physical Cash Balance in ATM. pay of SBIMF through with(predicate) Dividend Warrant Payment Module on CBS. regulate The onus Vigilance Committees at the branches having staff competency of 10 or more and at CPCs/Cells irrespective of their staff strength Encourage/popularize talk Blower excogitation. Advise Controllers to find out that secrecy of passwords is not compromised. foundation of Frauds Analysis Cell (FAC) at Jaipur to monitor transactions. Introduce the concept of compulsory 10 days leave as Vigilance Leave etc. Ensuring seasonably checking of VVRs Conclusively, in the wake of all the express being raised(a) against corruption, preventive vigilance has gained significance, because bank frauds not only allude the banking institution but tarnishes the image of our evolution econo! my....If you want to stand by a full essay, order it on our website: BestEssayCheap.com

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