Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.214)

214. 

Who sets up 4-member panel to examine bank frauds above Rs 50 crore?

[A]. NITI Aayog
[B]. Central Bureau of Investigation
[C]. Central Vigilance Commission
[D]. Reserve Bank of India

Answer: Option C

Explanation:

Te Advisory Board for Banking Frauds (ABBF) which is a 4 member board headed by former Vigilance Commissioner T M Bhasin (also former Indian Bank Chief Managing Director(MD)), is constituted by The Central Vigilance Commission (CVC) to look into bank fraud cases of over 50 crore rupees and above and to take necessary action.

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