RBI had ordered a comprehensive audit of Swift systems way back in 2016 which was before the PNB Scam of 13000 crores which happened due to gap in swift system & CBS of the Banks where in the Banks gave LOU by recording them in Swift but not recording in CBS.

https://in.news.yahoo.com/banks-still-haven-apos-t-141736273.html

However Banks haven't responded, do you think our Indian Banking system will change at all or will it be the same just looting the public taxes by giving un eligible loans, LOU, etc?


Life is like a boat in a sea, there is a lot to learn, so never close your mind to your limited experiences!

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  • Re: RBI asks Banks to fix gaps in Swift systems - Will it happen?

    by » 12 months ago


    Change is depends of will of politicians. If they want everything is possible. 


  • Re: RBI asks Banks to fix gaps in Swift systems - Will it happen?

    by » 12 months ago


    Indeed, the will & wish of Politicians form a major part of success or failure.


    Life is like a boat in a sea, there is a lot to learn, so never close your mind to your limited experiences!


  • Re: RBI asks Banks to fix gaps in Swift systems - Will it happen?

    by » 12 months ago


    Such scams might still be happening but we all are unaware of it. Total in-hand starting salary for bank PO is 30k , then how those people manage to amass huge property, cars and send their students abroad for education. It is clear the public working in banks wants the corruption to continue forever and ever but it is salaried people like me who suffer. 


    Thank you said by: epraneeth77

  • Re: RBI asks Banks to fix gaps in Swift systems - Will it happen?

    by » 12 months ago


    arjun sai wrote:

    Such scams might still be happening but we all are unaware of it. Total in-hand starting salary for bank PO is 30k , then how those people manage to amass huge property, cars and send their students abroad for education. It is clear the public working in banks wants the corruption to continue forever and ever but it is salaried people like me who suffer. 

    Yes, very true, our system is so corrupt, people have lost hope in the Country progress. People have lost hope in justice, law, honesty. It will take a lot of time to recover & hence BJP should be elected but it should win by a slender margin so that BJP also can change its working & not rely on one persons credibility.


    Life is like a boat in a sea, there is a lot to learn, so never close your mind to your limited experiences!


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