Who sets up 4-member panel to examine bank frauds above Rs 50 crore?

  • 1NITI Aayog
  • 2Central Bureau of Investigation
  • 3Central Vigilance Commission
  • 4Reserve Bank of India
Answer:- 3

Te Advisory Board for Banking Frauds (ABBF) which is a 4 member board headed by former Vigilance Commissioner T M Bhasin (also former Indian Bank Chief Managing Director(MD)), is constituted by The Central Vigilance Commission (CVC) to look into bank fraud cases of over 50 crore rupees and above and to take necessary action.

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