BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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local police/state police
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ACB
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CBI
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Controloing office
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Detailed explanation-1: -If committed by staff. 6.2 All fraud cases of value below ₹ 10, 000/-involving bank officials, should be referred to the Regional Head of the bank, who would scrutinize each case and direct the bank branch concerned on whether it should be reported to the local police station for further legal action.
Detailed explanation-2: -According to the RBI’s circular, cases of frauds involving more than Rs 25 crore and up to Rs 50 crore should be given to the CBI’s Banking Security and Fraud Cell (BSFC), irrespective of the involvement of a public servant.
Detailed explanation-3: -According to the Microsoft 2021 Global Tech Support Scam Research report, consumers in India experienced a fairly high rate of online fraud of 69% in 2021. The Reserve Bank of India (RBI) data, which might miss a lot of unreported frauds, shows that frauds to the tune of ₹60, 414 crore were witnessed in 2021-22.