Lack of proper training in credit monitoring among reasons for frauds: CVC to banks
The Central Vigilance Commission has advised banks on training to prevent frauds. Lack of proper credit appraisal and monitoring is identified as a key reason for these issues. Banks and financial institutions are urged to conduct training programs focusing on these aspects. This advice comes as part of a preventive vigilance campaign for public administration. The commission seeks action taken reports by November 30.
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