Question
The Central Vigilance Commission (CVC) has expanded the
scope of an advisory board that conducts first level examination of bank frauds involving amounts of ______ crore and above.Solution
The Central Vigilance Commission (CVC) 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. Earlier it was only looking into banking and financial frauds of Rs 50 crore and above. This will be a good relief for the banking industry.
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