Don’t report frauds below Rs 1 lakh to police: CVC to banks

The Central Vigilance Commission (CVC) has asked public sector banks not to report frauds below Rs one lakh to local police, unless their staff is involved in such crimes.

Earlier banks were mandated to report fraud of above Rs 10,000 and below Rs one lakh to police.

The decision was taken by the CVC in consultation with the Reserve Bank of India (RBI), taking into the account the practical difficulties faced by public sector banks in reporting such categories of cases.


It has been decided that only if staff of the bank is involved in the fraud cases of below Rs one lakh and above Rs 10,000, would such cases need to be reported or complaint filed with local police station by the bank branch concerned, the commission said in a directive to chiefs of all the banks.

The cases of frauds of upto Rs one lakh and not below Rs 10,000 are to be scrutinised by banks officials concerned for further necessary action, a senior CVC official said.

As of September 30, 2016, the Non-Performing Assets (NPAs) declared by various scheduled commercial banks stood at a whopping Rs 6,65,864 crore, according to an official data.

The NPAs of the country’s largest lender State Bank of India is Rs 97,356 crore, followed by Rs 54,640 crore of Punjab National Bank and Rs 44,040 crore of Bank of India, it said.

Bank of Baroda has NPAs of Rs 35,467 crore, Canara Bank Rs 31,466 crore, Indian Overseas Bank Rs 31,073 crore, Union Bank of India Rs 27,891 crore, IDBI Bank Limited Rs 25,973 crore, Central Bank of India Rs 25,718 crore, Allahabad Bank Rs 18,852 crore and Oriental Bank of Commerce Rs 18,383 crore, said the data, which was given by the government in Rajya Sabha in August last year.


Don’t dance on the road! 11 things you should not do in Dubai

Dubai is considered one of the most lenient and multi-ethnic places in UAE, but you do need to conduct yourself in a certain way. What is considered OK in your home country may be a punishable offence in Dubai. So it’s a good idea to be aware of the rules and regulations before travelling there. Here is a list of things to watch out for:

1. Drinking in public

There are strict dos and don’ts that you must follow when in Dubai. (Shutterstock)

Foreign nationals can drink alcohol in the house if they obtain the required license. You can also drink at hotels which have a license, but do remember that being drunk while in the public space is not a good idea. You can also be fined for it.

2. No drugs

Dubai has a no-tolerance policy towards drug possession and trade. Even certain prescribed medicines are considered illegal. There have also been cases when people have flown in to Dubai and have tested positive for marijuana which they took before the flight.

3. Don’t dance on the road

Shrill music and showing off your dance moves on the roads is something not to try in Dubai. Reserve your moonwalk for the dance floor.

4. Photography

People watching the sunset at Dubai Marina. (Shutterstock)

Be careful when taking photos. It is considered impolite to click photos of residents there, particularly women.

5. No PDA

A couple walking on the beach in Dubai with Burj Al Arab in the background. (Shutterstock)

Express love for that special one within the confines of your room. Some time back, a British couple was sent to jail for having sex on the beach (not the popular drink). However, even less intimate displays of affection can land you in trouble.

6. Mind your language

Don’t abuse in public as vulgar language can definitely land you in trouble. Also making derogatory comments about Islam can land you in jail. Avoid making negative comments about the ruling class.

7. Keep your clothes on

Camels and tourists on the beach of the Oasis Resort in the new Marina quarter. (Shutterstock)

On the beach or in the swimming pool, wearing suitable swimwear is allowed, but women must not go topless. Also men should have their T-shirts on when on the streets or even while working out in the park.

8. Clothing

Cover up… people, are you listening? (Shutterstock)

Dubai has a great sense of style with the best designer labels available, but you should avoid flashing too much skin in public.

9. LGBT issues

Cross dressing and having sexual relations outside of a conventional heterosexual wedding is illegal here.

10. Eating during Ramadan

You should not eat, drink or smoke publicly during Ramadan, when fasting is on from morning to evening.

11. The ‘Left Hand’

One should not greet people with a left hand shake, open doors with it or give people things with your left hand. And what if you’re a lefty? Well, we suggest you start practising with your right hand!