Not only the financial propriety of transactions, but certain non-financial aspects arising inter alia from conflicts of interest, nepotism and considerations of postretirement employment as a quid pro quo, are also required to be examined from a vigilance angle.
As mentioned earlier, the Bank’s vigilance administration focuses on preventive vigilance functions by inculcating a sense of honesty and integrity among its employees and ensuring that sound internal systems and controls are laid down, which act as a defense against intended mala fide activity by any employee.