Effect of reduction in bank audit- Banking fraud total jumped 43% to Rs 52.66 cr in 2012: Govt

This is just a begining. By these steps of reduction in Bank branch Audits cases of frauds, malpractices and NPa etc. will be increased to a very highlevel specially in Small & rural branches because in such type of
branches the customers are not very  powerful and they have to follow all the self made rules of the local branch staff.

RBI and finance Ministry should rethink  in this matter.

CA Bhanu Prakash