Accountability in Banking Regulations

What is the required frequency for the inspection of all BC points?

How often must BC points established under government projects be inspected?

What type of visit ensures that an official from a non-link branch inspects a BC point?

What must be done within three months of onboarding a new BC point?

Which observation can be recorded as satisfactory during inspections?

What is a reason for unsatisfactory observation during an inspection?

What percentage of BC outlets in a region are to be randomly visited by Regional Office officials?

What happens if the guidelines are not complied with?

Administrative Enforcement of Accountability

Non-compliance with guidelines will result in administrative enforcement of accountability (red flagging) as per bank policy.
Thermal printers and sound boxes are included in the system.
Transaction limit photos will be available at Business Centers (BC).
Forgot password functionality for BC supervisors is planned.
Inspection fields will be rationalized, including details for visiting official observations (e.g., satisfactory, unsatisfactory due to non-performance, cloning, suspected fraud, complaints, or non-compliance).

BC Point Inspection Frequency

Link Branch Inspections: All BC points are inspected monthly. BC points under government projects (e.g., UPSRLM, RAJEEVIKA) are inspected quarterly.
Link Branch Inspections (Repeat): All BC points are inspected monthly. BC points under government projects are inspected quarterly.
Regional Office Inspections: RO officials randomly visit 10% of BC outlets in their region. Non-linked branch officers will perform "incognito" visits to BC points in other branches. RO coordinators will schedule these visits to ensure at least one BC point per branch is visited monthly.
New BC Point Inspection: Newly onboarded BC points are inspected by the Regional Office (RO) within three months of onboarding.

This quiz focuses on the administrative enforcement of accountability in banking, detailing processes and inspection frequencies for Business Centers. Learn about compliance guidelines and inspection protocols, including technology used and non-compliance measures. Understand the implications of inspections on banking operations.