PNB Scam Effect : New Transfer Rules for Bank Officers and Clerks 2018
About CVC
The Central Vigilance Commission (CVC) is an apex Indian governmental body to address governmental corruption. It has the status of an autonomous body, free of control from any executive authority, charged with monitoring all vigilance activity under the Central Government of India, advising various authorities in central Government organizations in planning, executing, reviewing and reforming their vigilance work.
About PNB Scam
The Punjab National Bank scam is seen as one of the biggest banking scams in the history of India as it involves a fraud of $1.8 billion. Billionaire diamond merchants Nirav Modi and Mehul Choksi are the key players in the scam. The scam was started in 2011 and was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31.
According to a recently released RBI data, at least one bank staffer is caught and punished for involvement in fraud every four hours on an average.
According to a recently released RBI data, at least one bank staffer is caught and punished for involvement in fraud every four hours on an average.
Comments
Post a Comment