Page 2 - Central Vigilance Commission

CVC re-appoints T M Bhasin as chairman of Advisory Board for Banking Frauds

The Central Vigilance Commission (CVC) on Thursday re-appointed T M Bhasin as chairman of the Advisory Board for Banking and Financial Frauds

Babus taking up a private job soon after retirement akin to misconduct: CVC

In an order, the CVC has outlined procedure for government organisations for obtaining vigilance clearance for retired-babus before employing them.

Act on corruption complaints against employees in 3 months: CVC to govt

The move comes after the probity watchdog noted with concern that corruption complaints were not being taken to a logical conclusion or the action taken on them were not being updated in the records.

Complete probe in corruption cases by May 2021: CVC to govt depts, PSUs

CVC has asked all central government departments, public sector banks, insurance companies and undertakings to complete the probe in pending corruption cases

The holding company model for PSBs is an idea whose time has come

The idea of a financial holding company first found favour in the Shyamala Gopinath-led working group's 2011 report and was later fleshed out by the PJ Nayak Committee

Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers

In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms

President's secy Sanjay Kothari appointed as Central Vigilance Commissioner

The tenure of CVC chief is of four years or till the incumbent attains the age of 65 years

Letter to BS: Bankers shouldn't fear cops if they are not corrupt

A frank discussion and the assurance by the PM earlier and the FM now will be of great value to the bureaucracy in the banking world

Banks needn't fear the 'three Cs' of investigation: FM Sitharaman

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General

All you wanted to know about banking frauds

Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months

Deadline over to get nod to prosecute govt officials in corruption: CVC

As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time

CVC sets up advisory board to examine banking frauds above Rs 50 cr

The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds

Don't report frauds below Rs one lakh to police: CVC to public sector banks

Earlier banks were mandated to report fraud of above Rs 10,000 and below Rs one lakh to police