State

Rajasthan

Regulator / Enforcement Authority

RBI

Category of Awareness Programmes/Media Campaigns

Awareness programs for the public

Date when it was organized

25 February 2017

Location

Officers Training School - Rajasthan State Institute of Public Administration, Jaipur

Description of awareness programme

Under the direction of Chief Secretary, Government of Rajasthan DNBS, Jaipur alongwith DBS, Jaipur organized an awareness programme on February 25, 2017 at Officers Training School, Jaipur (OTS) - Harish Chandra Mathur Rajasthan State Institute of Public Administration (HCM RIPA) during a training programme of the recently appointed 160 Assistant Engineers of the Rajasthan Power Sector companies. Shri Deepak Gogia, AGM, DBS addressed the participants on “frauds in banks". Addressing the participants on various forms of frauds and their causes like improper valuation, loan granted without following the rules of disbursement, failure of proper follow-up/supervision after disbursement of loan, allowing unauthorized withdrawals, submission of false bills and improper checking of bills, were apprised. He further added that making the systems robust, strengthening the physical and logical systems, quality assurance and testing, implementing standards of EDP application before deputing staff and their scrutiny, suitable control system to protect computer system, needs to be implemented. Cybercrime is bringing a new look in the Internet banking because of digital technology. We have to be vigilant or keep an eye all the time on spam emails, hacking, phishing, viruses and information received among others. RBI, enforcement agencies and banks are making its system robust. Shri Uthpal Ganguly, Manager, DNBS briefed the participants on investor awareness and warned on being attracted towards lucrative advertisements and offers. The gathering was apprised of the risks involved in depositing / investing of their money in ‘Get Rich Quick’ schemes. They were cautioned about lucrative offers on deposits and easy loans at very low rates of interest offered by fraudsters. They were made aware of Ponzi / multi-level marketing schemes (MLM). The participants were also cautioned about fake SMS’s and e-mails received in the name of RBI/Governor, senior officers including fraudulent debit/credit cards, applications like balance enquiry, etc. The pamphlets of DNBS, Financial Literacy material and advertisements issued by the RBI were distributed.

Documents