banks

  • Bank Frauds have becoming a gaping hole in the Indian economy with frauds getting revealed almost every year, the recent trend where bank frauds occured were in the years 2011, 2014, 2015,2016, 2017 & 2018.

    The below article highlights the events of the frauds

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  • 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.

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