MC SECRETARIAT & BANKING OPERATIONS:
The MC Secretariat functions under the supervision of the Chief
Executive and Dy. Chief Executive. The
main objective of the department is to arrange Managing Committee meetings of
the Association which includes conducting meetings preparing minutes, updating
constitution of MC Members and compilation of report on Action taken of various
departments & placing it before the Committee.
Apart from assisting the Managing Committee, the department also handle
the following operational activities: viz. Fraud related issues (maintaining
Caution List - Database of Third Party Entities involved in Frauds) &
circulation of Modus Operandi of Fraud reported by Member Banks.
Managing Committee
v
Constitution
of Managing Committee members
v
Preparing
Managing Committee minutes
v
Compilation
of report on Action Taken of various departments and placing the report before
the Committee.
Details of Banking
Operations
v Fraud
related issues - Maintaining Database of
Third Party Entities (TPEs) involved in frauds on the IBA Website
v Sharing
of Information on Third Party Entities involved in frauds as
reported to IBA by member banks, Modus Operandi, Loss of Letter of Credit, Outsourcing
of Agencies services terminated by Bank
v Guidelines
on Standardising the Procedures for
Empanelment of Valuers by
Banks