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Central Vigilance Commission set up ABBF

Published on August 26, 2019
Current context: The Central Vigilance Commission (CVC) has constituted the Advisory Board for Banking Frauds (ABBF) on 25th August 2019.
Central Vigilance Commission set up ABBF 
  • The ABBF has been formed in consultation with the RBI and is constituted to examine bank fraud of over 50 crore rupees and recommend action.
  • The board will act as the first level of examination of all large bank fraud cases before any recommendation is made by the respective PSBs to the investigative agencies.
  • Former Vigilance Commissioner T M Bhasin (also former CMD of Indian Bank) will be the head of ABBF, which will be a four-member board.
  • The board’s jurisdiction is confined to cases of an allegation of fraud involving officers of General Manager Level and above in the PSBs.
  • ABBF is the reconstituted version of the previous panel of the Advisory Board on Bank, Commercial and Financial Frauds.
  • The step of constituting the ABBF is taken as per the recommendations of an RBI expert committee on NPAs and frauds headed by YM Malegam.


Q.1 Who is the head of the Advisory Board for Banking Frauds (ABBF) constituted by the Central Vigilance Commission (CVC) to examine bank frauds?
a. YM Malegam
b. T M Bhasin
c. B.P. Kanungo
d. Mahesh Kumar Jain

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