A Coordination Meeting between the Central Bureau of Investigation (CBI), Banking Securities Fraud Investigation Zone, Officers from Department of Financial Services (DFS), MoF and Chief Vigilance Officers of Public Sector Banks was held at Bengaluru, today i.e. 17.06.2025.
During the day-long meeting all pending matters pertaining to ongoing Investigation and Prosecution of the bank fraud cases being handled by CBI were discussed and several issues sorted out. This is a follow up meeting after the high-level meeting held on 30.01.2025 between Department of Financial Services, CBI and Public Sector Banks, at Mumbai. The agenda was to enhance the interdepartmental cooperation and expedite investigations pertaining to bank fraud cases.
During the meeting, detailed presentations were made by CBI and Public Sector Banks on relevant operational issues. Many aspects were discussed and resolved.A close coordination between the banks and CBI in terms of timely sharing of relied-upon documents was acknowledged. Further efforts to streamline procedures and ensure proactive cooperation in matters related to obtaining approvals/sanctions under Section 17A and Section 19 of the Prevention of Corruption Act were also emphasized.
The Officers from CBI and Public Sector Banks exchanged case-specific details and deliberated on the way forward to expedite pending investigations.
The meeting concluded with a consensus to maintain the current momentum of cooperation between CBI and Public Sector Banks. Emphasis was laid on continuing structured engagement and institutional collaboration to overcome procedural bottlenecks, expedite investigations, resolve pending issues, and ensure timely completion of investigations.
