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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-trace').style.display = (document.getElementById('cakeErr6812bad053cf2-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6812bad053cf2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-code').style.display = (document.getElementById('cakeErr6812bad053cf2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-context').style.display = (document.getElementById('cakeErr6812bad053cf2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6812bad053cf2-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr6812bad053cf2-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
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<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 />
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Please <a href="http://timesofindia.indiatimes.com/india/Lax-norms-linked-to-banking-fraud-CAG/articleshow/53015780.cms">click here</a> to read more. <br />
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<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 />
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<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 />
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Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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</pre></div></pre>latest-news-updates/lax-norms-linked-to-banking-fraud-cag-4679674.html"/>
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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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<strong>Lax norms linked to banking fraud: CAG</strong></h1>
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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. "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.<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> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-trace').style.display = (document.getElementById('cakeErr6812bad053cf2-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6812bad053cf2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-code').style.display = (document.getElementById('cakeErr6812bad053cf2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-context').style.display = (document.getElementById('cakeErr6812bad053cf2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6812bad053cf2-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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-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">click here</a> to read more. <br />
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<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">click here</a> to read more. <br />
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Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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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</pre></div></pre>latest-news-updates/lax-norms-linked-to-banking-fraud-cag-4679674.html"/>
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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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<strong>Lax norms linked to banking fraud: CAG</strong></h1>
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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. "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.<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> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-trace').style.display = (document.getElementById('cakeErr6812bad053cf2-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6812bad053cf2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-code').style.display = (document.getElementById('cakeErr6812bad053cf2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6812bad053cf2-context').style.display = (document.getElementById('cakeErr6812bad053cf2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6812bad053cf2-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<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">click here</a> to read more. <br />
<br />
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<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">click here</a> to read more. <br />
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<strong>Lax norms linked to banking fraud: CAG</strong></h1>
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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. "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.<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> </font>
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<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. "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.<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">click here</a> to read more. <br />
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<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. "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.<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">click here</a> to read more. <br />
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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) 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.
