SITE MAP     CONTACT US     DISCLAIMER  
   About Us     Useful Information     FAQs     Financial Education     Complaints   Other Links   Extra Curricular
Search
Period
From  
To  
Archives
   
Home >> Notification - Display
Note : To obtain an aligned printout please download the (232.00 kb ) version to your machine and then use respective software to print the story.
Date: 28/04/2016
Compliance with Jilani Committee Recommendations

RBI/2015-16/383
Ref.DBS.CO.PPD.BC.No.10/11.01.005/2015-16

April 28, 2016

The Chairman/Chief Executive
All Scheduled Commercial Banks (Excluding RRBs)

Madam/Dear Sir,

Compliance with Jilani Committee Recommendations

We invite attention to our circular DBS.CO.PPD.BC.No.39/11.01.005/99-2000 dated June 28, 2000 on Jilani Committee recommendations relating to frauds and malpractices in banks. Attention is also drawn to our circular DBS.ARS.BC.No.4/08.91.020/2010-11 dated November 10, 2010 on Audit Committee of the Board of Directors (ACB)-Calendar of Reviews, in terms of which the implementation status of Jilani Committee recommendations need to be submitted before the Audit Committee of the Board.

2. On a review of the implementation status of these recommendations in various banks, it has now been decided that, henceforth, the compliance to the Jilani Committee recommendations need not be reported to the ACB. However, banks are advised to ensure that:

i) Compliance to these recommendations are complete and sustained,

ii) These recommendations are appropriately factored in the internal inspection/audit processes of banks and duly documented in their manual/ instructions, etc.

Yours faithfully,

(Parvathy V Sundaram)
Chief General Manager-in-Charge

 
  © Reserve Bank of India. All Rights Reserved.

Best viewed in 1024x768 resolution in IE 5 and above.