After a Central Vigilance Commission (CVC) inquiry team, an eight-member team from the Reserve Bank of India (RBI) has started inspection at the Mangalore-based Corporation Bank, which faces complaints of irregularities in loan sanctions and appointments.
"Normally, the RBI inspection is in August and the team is headed by a deputy general manager. This time the inspection has been advanced and the inspection team is headed by a general manager," sources in the bank told IANS. Officials say the RBI inspection ahead of normal schedule is prompted by the CVC inspection.
According to officials, the RBI inspection team has started checking the loan accounts and the tender issued for appointment of information technology (IT) consultant which the CVC team too had inquired about.
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