Such cross-matching at hiring stage may ensure the entry and presence of professionals with highest integrity and ethical standards in the banking industry. The database almost contains 5000 records of persons terminated/dismissed from banks/DFIs on various charges.
In my view, 50 percent of the job of the regulator is completed if the right persons are appointed and the corporate governance guidelines are observed in letter and spirit. With such grid of human resources, we foresee a high comfort level to manage the common irregularities, procedural lapses and financial scams in the banking industry.