Monday, February 15, 2016

Banks told to conduct internal audit

All public sector and private banks have been asked by the RBI to conduct a "thorough internal audit" and put the report before their respective Audit Committees, as part of the central bank's efforts to check fraudulent foreign exchange transactions. A circular has been issued to all scheduled commercial banks, advising them to conduct a thorough internal audit and place the report before
audit committee of the board of the respective banks and to forward the summary of findings to RBI, the central bank said.


Post a Comment