Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Lax norms linked to banking fraud: CAG    </title>
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NEW DELHI: Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs)..."/>
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NEW DELHI: Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs)..." />
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by debtors and transferred abroad, from where they may never be recovered.<br /><br />The CAG also felt the need to bring these regulators under audit scrutiny in view of growing incidents of frauds. &quot;It is a thought for consideration whether in future CAG audit should look into the risks and vulnerabilities facing financial sector in India as well as the ability and effectiveness of regulators to mitigate such risks,&quot; he said.<br /><br />The CAG does not audit the RBI, whose auditors are appointed by central government. Though the CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA, it does not conduct performance audits on them.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms" title="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms" class="re" target="_blank">The Times of India, 2 June, 2016, http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms</a><div class="clear"></div>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by debtors and transferred abroad, from where they may never be recovered.<br /><br />The CAG also felt the need to bring these regulators under audit scrutiny in view of growing incidents of frauds. &quot;It is a thought for consideration whether in future CAG audit should look into the risks and vulnerabilities facing financial sector in India as well as the ability and effectiveness of regulators to mitigate such risks,&quot; he said.<br /><br />The CAG does not audit the RBI, whose auditors are appointed by central government. Though the CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA, it does not conduct performance audits on them.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms" title="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms">click here</a> to read more. <br /><br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by debtors and transferred abroad, from where they may never be recovered.<br /><br />The CAG also felt the need to bring these regulators under audit scrutiny in view of growing incidents of frauds. &quot;It is a thought for consideration whether in future CAG audit should look into the risks and vulnerabilities facing financial sector in India as well as the ability and effectiveness of regulators to mitigate such risks,&quot; he said.<br /><br />The CAG does not audit the RBI, whose auditors are appointed by central government. Though the CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA, it does not conduct performance audits on them.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms" title="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms" class="re" target="_blank">The Times of India, 2 June, 2016, http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms</a><div class="clear"></div>
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Lax norms linked to banking fraud: CAG

Published on Jul 2, 2016   Modified on Jul 2, 2016

-The Times of India NEW DELHI: Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by debtors and transferred abroad, from where they may never be recovered. The CAG also felt the need to bring these regulators under audit scrutiny in view of growing incidents of frauds. "It is a thought for consideration whether in future CAG audit should look into the risks and vulnerabilities facing financial sector in India as well as the ability and effectiveness of regulators to mitigate such risks," he said. The CAG does not audit the RBI, whose auditors are appointed by central government. Though the CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA, it does not conduct performance audits on them. Please click here to read more.

The Times of India, 2 June, 2016, http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms

Tagged with: Comptroller and Auditor-General CAG Loan Default banking

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