December 2016 Current Affairs

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current Affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current Affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current Affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS

RBI imposes Rs 5 crore penalty on Bank of Baroda

RBI imposes Rs 5 crore penalty on Bank of Baroda
25 July 2016 Current Affairs: The Reserve Bank of India has imposed a penalty of Rs 5 crore on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year. 

Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the Bank of certain irregularities observed .

The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of Baroda's Ashok Vihar branch in New Delhi. Both CBI and the Enforcement Directorate are probing the huge remittances to Hong Kong from the bank. 

The amount was allegedly transferred in the garb of payments for imports that never took place, investigators suspect. 

Now the RBI investigation has noted deficiencies and failures in internal control mechanisms in respect of certain anti-money laundering provisions by the state-run lender. 

These deficiencies relate to monitoring of transactions, timely reporting of suspicious dealings to the Financial Intelligence unit and assigning of Unique Customer Identification Code to its clients. 

The Bank has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur .

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.