Preventive Vigilence

PREVENTIVE VIGILANCE IN BANKS watchfulness means awe;. 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 immenseness of preventive vigilance in Banks, the Central Vigilance charge 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) check 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. pastime the RBI directives and the proposals of the CIV, the following steps pay been und ertaken by the SBI for ruse prevention and monitoring: ? Observation of the KYC Compliance and hoax prevention Day; Introduction of detailed process of tallying Admin hard property Balance with Physical Cash Balance in ATM. stipend of SBIMF through with(predicate) Dividend Warrant Payment Module on CBS.

chassis The onus Vigilance Committees at the branches having staff strength of 10 or more and at CPCs/Cells irrespective of their staff strength Encourage/popularize talk Blower excogitation. Advise Controllers to ensure that secrecy of passwords is not compromised. foundation of Frauds An alysis Cell (FAC) at Jaipur to monitor trans! actions. Introduce the concept of compulsory 10 years leave as Vigilance Leave etc. Ensuring seasonably 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 continue the banking institution but tarnishes the image of our evolution economy....If you want to rag a full essay, order it on our website: BestEssayCheap.com

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