CVC expands scope of banking frauds panel to cases above Rs 3 cr

The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above and recommend action. Till now, the ABBFF was only looking into banking and financial frauds of Rs 50 crore and above.

from Banking/Finance-Industry-Economic Times https://ift.tt/336XEK6