“Due Diligence in Banking: The First Line of Defence Against Fraud & NPAs
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“Due Diligence in Banking: The First Line of Defence Against Fraud & NPAs
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About this listen
In this episode, we break down Due Diligence in Banking — a critical but often underestimated process that protects banks, officers, and customers alike.
We discuss when due diligence is required, its core objectives under KYC/AML norms, and how lapses can lead to frauds, mule accounts, benami transactions, and NPAs.
The episode covers:
Due diligence while opening deposit accounts
Pre-sanction and post-sanction checks in lending
Importance of CIBIL analysis beyond credit score
Bank statement scrutiny and supplier verification
Risks in DSA-sourced proposals
Early Warning Signals (EWS) and post-sanction vigilance
Real-world challenges faced by bankers and how to mitigate them
A must-listen for bank officers, credit managers, compliance teams, auditors, and IBPS/JAIIB aspirants who want to understand how quality due diligence safeguards both the institution and the individual officer.
🎧 Practical. Relevant. Ground-level banking insights.