https://www.taxtmi.com/news?id=21517 Public sector banks must secure board approval and public/regulatory disclosure of annual financial statements, with performance monitored via an independent EASE Reforms Index. A regulatory framework requires enhanced scrutiny and prompt examination of deteriorating accounts for possible fraud, a Central Fraud Registry, protocols for Red Flagged Accounts, security controls for payment messaging, and inter-agency coordination. Banks maintain vigilance units led by Chief Vigilance Officers and apply disciplinary and investigative measures to fix staff accountability and report deficient third-party service providers. en-us Mon, 01 Jul 2019 18:39:09 +0530 Mon, 01 Jul 2019 18:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21517 Public sector banks must secure board approval and public/regulatory disclosure of annual financial statements, with performance monitored via an independent EASE Reforms Index. A regulatory framework requires enhanced scrutiny and prompt examination of deteriorating accounts for possible fraud, a Central Fraud Registry, protocols for Red Flagged Accounts, security controls for payment messaging, and inter-agency coordination. Banks maintain vigilance units led by Chief Vigilance Officers and apply disciplinary and investigative measures to fix staff accountability and report deficient third-party service providers. News - Mon, 01 Jul 2019 18:39:09 +0530 https://www.taxtmi.com/news?id=21517