“Due Diligence in Banking: The First Line of Defence Against Fraud & NPAs

In this episode, we break down Due Diligence in Banking — a critical but often underestimated process that protects banks, officers, and customers alike.We discuss when due diligence is required, its core objectives under KYC/AML norms, and how lapses can lead to frauds, mule accounts, benami transactions, and NPAs.The episode covers:Due diligence while opening deposit accountsPre-sanction and post-sanction checks in lendingImportance of CIBIL analysis beyond credit scoreBank statement scrutiny and supplier verificationRisks in DSA-sourced proposalsEarly Warning Signals (EWS) and post-sanction vigilanceReal-world challenges faced by bankers and how to mitigate themA must-listen for bank officers, credit managers, compliance teams, auditors, and IBPS/JAIIB aspirants who want to understand how quality due diligence safeguards both the institution and the individual officer.🎧 Practical. Relevant. Ground-level banking insights.