<h1>Government Strengthens Banking Oversight with Audit Committees, RBI Ombudsman Scheme, and Enhanced Vigilance Measures Under Banking Regulation Act 1949.</h1> Measures have been implemented to ensure a sound banking system and address irregularities in rural banking activities. These include supervision under the Banking Regulation Act, 1949, statutory audits, and the establishment of audit committees in banks. Internal checks, control systems, vigilance cells, and various committees are being strengthened. The Reserve Bank of India has introduced the Banking Ombudsman Scheme for grievance redressal. Complaints are forwarded to relevant authorities for remedial action. Banks follow established procedures and undergo regular internal and external audits. This information was provided by the Minister of State for Finance in a written response to a question in Lok Sabha.