CVC expands ambit of advisory board on large scale bank frauds

At present, the Advisory Board for Banking and Financial Frauds (ABBFF) conducts initial examination in all large fraud cases (of above Rs 50 crore) before recommendations or references are made to investigative agencies such as Central Bureau of Investigation (CBI) by the respective public sector banks (PSBs) and financial institutions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pWFgMS