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Friday, 21 June 2013

At Central Bank, CCTVs to help monitor 'fishy' deals too

Central Bank of India has found one more use for the CCTVs in its branches. Besides security, the bank will scan the video recordings for fishy dealings, if any, in the sale of financial products and services.

This move follows an undercover sting operation by online magazine Cobrapost at some of the branches of 30 banks and insurance companies, where officials allegedly offered to convert tax-evaded money into legitimate money.

According to R.K. Goyal, Executive Director, Central Bank of India, "Our bank's chief security officer will call for video recordings of different branches on sample basis. Almost all our branches have CCTVs (closed circuit TVs). for more news see banking news page