CHENNAI: A seminar on “banking procedures and applications” was conducted for the police officers attached to the Central Crime Branch (CCB) by Indian Overseas Bank on Wednesday.
Commissioner of Police G. Nanchil Kumaran had recently suggested to the officers investigating into complaints related to bank frauds to know about the procedures followed by banks in disbursing loans and other services.
The IOB officers organised a seminar covering topics such as retail loans and mortgages, credit card safeguards, payment of demand drafts, letter of credit mechanism and exports, Know Your Customer compliance and others.
The security and safety measures taken by the banks while issuing demand drafts and at ATM outlets also figured at the seminar.
The IOB field general manager S. Dhinakar, IOB Staff College Principal Samir Baruah, Chief Regional Managers M.S.Prakash and R.K.Gandhi addressed the delegates. Assistant Commissioner (Bank Frauds Wing) M. Paneerselvam and about 40 investigating officers from the Central Crime Branch participated, a press release said.