<h1>Department of Financial Services Hosts Conference for CVOs to Tackle Financial Scams and Enhance Vigilance in Banking Sector.</h1> During Vigilance Awareness Week, the Department of Financial Services, Ministry of Finance, organized a conference for Chief Vigilance Officers (CVOs) from public sector banks, insurance companies, and financial institutions. The event, inaugurated by the Chief Vigilance Commissioner, addressed concerns about rising financial scams and emphasized the importance of risk management and IT systems to prevent fraud. Discussions included the need for balanced oversight, transparency, and preventive vigilance. The conference highlighted recent RBI guidelines for private and foreign banks and stressed the importance of vigilance in the banking and insurance sectors to support India's economic growth.