Government has announced the extension of the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), to cover all fraud cases above what amount?

• A. Rs 1 crore
• B. Rs 20 crore
• C. Rs 3 crore
• D. Rs 50 crore

Answer: (C)

Central Vigilance Commission and Ministry of Finance have extended the scope of the existing ABBFF to cover all fraud cases involving an amount of Rs.3 Crore and above in Public Sector Bank and Public Sector Financial institutions.