IntroductionThe vigilance function in banks plays a vital role in safeguarding institutional integrity, ensuring compliance with regulatory frameworks, and fostering a culture of ethical conduct. Operating as a key component…

IntroductionTimely reporting of banking and cyber fraud is essential to mitigate losses and facilitate the recovery process. Multiple channels have been established by the Government of India and financial institutions…

IntroductionThe increasing prevalence of financial cybercrimes has necessitated the development of a robust national infrastructure to facilitate timely reporting and resolution. In response, the Government of India established the Citizen…

IntroductionBanks play a pivotal role in safeguarding financial assets and maintaining public trust. To uphold this responsibility, it is essential for financial institutions to establish robust fraud prevention and vigilance…

Fraud prevention and vigilance are critical components of a sound risk management framework in the banking sector. To safeguard the financial system and maintain public trust, banks must proactively identify…

The transition path for Chief Compliance Officers (CCOs) in Non-Banking Financial Companies (NBFCs) is a critical component of aligning with the Reserve Bank of India’s (RBI) Scale-Based Regulatory (SBR) Framework.…

The Reserve Bank of India (RBI) has prescribed a comprehensive compliance framework for Non-Banking Financial Companies (NBFCs) classified under the Upper Layer (NBFC-UL) and Middle Layer (NBFC-ML). This framework emphasizes…

The Scale-Based Regulatory (SBR) framework, introduced by the Reserve Bank of India (RBI), marks a significant shift in the regulation and supervision of Non-Banking Financial Companies (NBFCs). This approach aligns…