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Aug 27, 2015
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Deloitte, KPMG, EY helping RBI in investigation of NPA cases
About a month ago, the Reserve Bank of India (RBI) received reports on forensic investigations it had ordered into the bad debt at two companies. The RBI has never in the past hired private investigators or forensic experts to carry out such inspections — in these cases, to look for any diversion of funds or errors on part of banks. Banks have increasingly been launching investigations where they suspect fraud, but the RBI's decision to take it upon itself and order an independent probe underlines its proactive efforts to handle the problem of growing NPAs on bank books.
Source -
http://economictimes.indiatimes.com
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