Meeting held between Banks, CBI and DFS; Read Meeting Highlights

A coordination meeting was held in Bengaluru on 17th June 2025. The meeting included senior officials from the Central Bureau of Investigation (CBI), Banking Securities Fraud Investigation Zone, officers from the Department of Financial Services (DFS) under the Ministry of Finance (MoF), and Chief Vigilance Officers (CVOs) of various Public Sector Banks.

Purpose of the Meeting:

The main goal of this full-day meeting was to review and resolve pending issues related to ongoing bank fraud cases that are being investigated and prosecuted by the CBI. This meeting was a follow-up to a previous high-level meeting that took place on 30th January 2025 in Mumbai, where similar discussions were held. The key focus was to increase cooperation between departments and speed up the investigation process of bank fraud cases.

What Happened During the Meeting:

• CBI and Public Sector Banks gave detailed presentations explaining the operational challenges they face in investigating and handling bank fraud cases.
• Several important matters were discussed and resolved, showing positive progress.
• It was appreciated that banks are now more responsive and are sharing necessary documents with the CBI in a timely manner. This helps the investigation to move forward quickly.
• The participants also discussed how to simplify procedures and improve coordination, especially when it comes to taking approvals and sanctions under Section 17A and Section 19 of the Prevention of Corruption Act. These sections are important legal steps required before action can be taken against public servants.

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Case Discussions and Way Forward:

• Officials from the CBI and banks shared details of specific fraud cases and had discussions on how to quickly complete the pending investigations.

Conclusion of the Meeting:

• Everyone agreed to continue the strong coordination between CBI and banks.
• It was decided to keep having such structured meetings regularly.
• The focus will be on solving any remaining problems, removing delays in procedures, and ensuring that all bank fraud cases are investigated and closed in a timely and effective manner.

This kind of coordination is important to protect public money, hold fraudsters accountable, and ensure smoother working between investigating agencies and financial institutions.

The Government of India is aiming to improve the coordination between CBI and Banks to solve fraud cases quickly.

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