Which committee has been constituted by the Reserve Bank of India (RBI) to look into bank frauds?

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Anonymous User asked 11-Mar-2018 in Current affair by Anonymous User

Which committee has been constituted by the Reserve Bank of India (RBI) to look into bank frauds?


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Anonymous User answered 16-Sep-2020 by Anonymous User
Reserve  Bank of India is establishing a five-part board of trustees to investigate huge awful credit divergences, occurrences of cheats, and the adequacy of different bank reviews. In a notice on its site on February 20, 2018,
The RBI said that this council would be established under YH Malegam, a previous individual from the focal governing body of RBI.

The RBI headed council ikewise comprises of Bharat Doshi, a part in the focal governing body of the RBI; S Raman, previous entire time chief, Securities and Exchange Board of India, Nandkumar Saravade, CEO of Reserve Bank Information Technology Pvt. Ltd. furthermore, AK Misra, chief at RBI. The council has been made 'to investigate the explanations behind high dissimilarity watched.

Alluding to the Rs 11,400 crore scam at Punjab National Bank, which became known a week ago, the national bank said that it had cautioned banks threefold since August 2016 about likely abuse of the SWIFT organization to swindle banks and prompted them to actualize protections to pre-empt such scams.