No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
The entire modus operandi and persons involved, is all in dark. Neither any investigative journalist, nor the government has indicated any desire to bring out the fraud in the open in its entirety.
