- ABBFF is a board set up by the CVC to advise on large value bank frauds. - Its role is advisory and focuses on fraud cases exceeding a specific threshold.
Consider the following statements regarding Advisory Board for Banking and Financial Frauds (ABBFF). 1. It has been constituted by RBI. 2. It conducts first level examination of all bank fraud cases. 3. It periodically carry out frauds analysis in the financial system and give inputs for any policy formulation related to the frauds. Which of the above statements is/are correct?
Asked in GPSC Prelims CSP 2 2024 · Topic: Money & Banking (Banking Sector Reforms: Basel Norms, Asset Quality Review (AQR), and NPA Management)
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