What is rcu in banking?
The role of Risk Containment Unit (RCU) – Consumer Banking as a department is broadly. RCU – Screening and Sampling Process. The firms working as Collection Agency with Public Sector Banks would be given preference. RCU Head - Bank/NBFC (10-15 yrs).
These days, every bank will have its own Fraud Control Unit (FCU) or a Risk Containment Unit (RCU). The primary task of these units is to prevent, detect and investigate frauds in the retail banking sector. As the banks and non-banking financial institutions evolve, the RCU teams play a vital role.
From credit card applications to retail loan applications, they pick up the samples and verify their addresses, income sources, and other aspects of the loans. RCU and FCU staff also looks into investigations. Generally, these are desktop investigations, supported by vendors performing field-level checks. During the investigations, FCU teams also check the criminal records of the borrower.
RCU or FCU checks is not a checklist investigation. Basically, it requires experience and knowledge of investigations. Hence, Indiaforensic offers a dedicated certification program for RCU teams.
Additionally, they are also required to look at the suspect transactions. Frauds evolved with time, but there were no training programs or certificates in fraud risk management. It was only in 2006 when courses in fraud prevention became reality. It was necessary for RCU teams to know about the different types of fraud. RCU and FCU employees need to be in sync with the trend. Additionally, the classification of banking fraud is the basis of the curriculum of the CBFA.
The Reserve Bank of India needs the banks to set up their Market Intelligence Units. However, the term Market Intelligence is not that popular in the Indian Banking Sector. Market Intelligence requires a network of informal sources. Additionally, these sources should also provide actionable intelligence. Certified Bank Forensic Accountant is the only Banking Frauds Certification that provides training on Market Intelligence.
This program is one of the best and also foremost certifications focusing on technology frauds in the banking and financial institutions domain.
This program is updated with the latest techniques for laundering digital currencies. This course contains the chapters designed on the basis of the research carried out by Indiaforensic captioned as Cyber Laundering – Digital Currency Way. This report is available for download for the members.
CBFA is a designation awarded by the Indiaforensic Center of Studies and is developed by Riskpro Learning. This is a useful certification for the professionals looking to understand the technology frauds in the banking sector such as ATM frauds, Credit card frauds. Besides these traditional tools, the course speaks about the new age technology tools like Digital Currencies.
The syllabus for this program is
In addition to these subjects, the students learn forensic accounting techniques and understand the importance of market intelligence. RCU / FCU works closely with the field investigation teams and learning the market intelligence techniques helps them to stand out.
To register for this course click here
RCU का Full Form banking category में “Risk Containment Unit” होता है। RCU का यह सबसे प्रचलित Full Form है, इसके अलावा RCU का Full Form और कई सारा होता है।
जैसे कि :-
Risk Containment Unit का meaning हिंदी में ” जोखिम नियंत्रण इकाई ” होता है, और रहा बात RCU का तो इसका कुछ खास मतलब नही होता है, क्योंकि RCU, Risk Containment Unit एक Short Name है।
RCU यानी कि Risk Containment Unit एक प्रकार का Form है, जो किसी भी potential risk को कम करता है। यह RCU Risk कल कम करने के लिए अलग अलग method का उपयोग करता है। इस में पृथक्करण, हानि की रोकथाम, दोहराव परिहार, हानि में कमी, और विविधीकरण का समावेश होता है।
उदाहरण के तौर पर मान लीजिए :- जब कोई कंपनी किसी भी व्यक्ति को लोन देती है तब उस समय कंपनी RCU कराती है। इस RCU में आपके सभी प्रकार की जांच की जाती हैं ताकि कंपनी का पैसा किसी भी प्रकार से डूबे ना। RCU एक फॉर्म के तहत आपसे फिल करवाई जाती है और उसमें हर एक जानकारी ली जाती है कि आप क्या कुछ करते हैं, आपका क्या कुछ asset है, आप का क्या इनकम सोर्स है, आप पर कितना loan है।
दोस्तों यह जरूरी नहीं है कि केवल Loan लेते वक्त ही RCU का चेक किया जाता है आरसीयू एक रिस्क फुल पेपर है। जिससे आगे वाले व्यक्ति का potential risk कम होता है। इसीलिए जहाँ भी potential risk होता है वहाँ पर RCU अलग-अलग method से अलग-अलग चीजों में उपयोग किया जाता है।
Video के माध्यम से जाने का RSU full form
दोस्तों उम्मीद करता हूं कि आपको मेरा यह लेख बेहद पसंद आया होगा और आप इस लेख के मदद से RCU full form In Hindi, के बारे में जान चुके होंगे और यह भी जान चुके होंगे की ” RCU का पूरा नाम क्या है “।
अगर आपके मन में इस लेख से जुड़ी कोई भी सवाल है या आपको कुछ समझ नही आया है, तो आप हमारे दिए गए comment box में मैसेज करके पूछ सकते हैं हमारी समूह आपके पूछे गए सवालों का जवाब अवश्य देगी। धन्यवाद ! ।
Everyone who runs a business needs a policy in place so as to avoid the infiltration of fraudulent practices and individuals who indulge in them. All those associated with a firm need to make sure that they do not get ensnared by something phoney as that will lead to complications and monetary losses.
How many of you have heard about FCUs (Fraud Control Units) or RCUs (Risk Control Units)? The terms are pretty self-explanatory but we will discuss some more so as to get to the heart of how they traditionally operate.
Most of these non-banking institutions need a fraud control unit in place before they receive loan applicants. The chief purpose of these FCUs (Fraud Control Units) is to monitor any suspicious transactions in the accounts of individuals whose loans require sanctioning. Some instances of discrepancies would be a student whose account gets credited with a sudden inflow of inexplicable cash.
Less than a year ago, some individuals in Bengaluru were arrested for scamming people through fake loan apps. Fraud can happen both ways, loan applicants misrepresenting financial documents or even fraudulent financial institutions scamming citizens. A couple of Chartered Accountants had specialized in setting up a Non- Banking Financial Company (NBFC) and many people gave up their lives as they were unable to repay the loans that they had taken from such loan apps. These incidents yet again showcase how important it is to conduct background screenings when it comes to financial-related queries. Follow the link to know more about our background check solutions for banks, NBFCs and HFCs.
As a company that conducts extensive background checks, Millow physically verifies by conducting field investigations. Some of the people who apply for a loan need a lot of verification on the bank’s part so as to be in the clear. The different kinds of loans are infrastructure-related ones, education-based ones and small business ones. Suppose, an individual who receives a salary of 10 lakhs per annum were to ask an NBFC to sanction a loan for them. We verify their credit history, bank statements for all the previous months and CIBIL score. We then prepare a report and state details of any financial discrepancies that might need careful consideration. Some examples of such discrepancies would be an evasion of taxes, untimely payments, withdrawal and influx of massive amounts of cash, not clearing one’s dues in terms of prior loans. We also check Form 16 to get insights into their Income Tax records. Once the history of the applicant gets generated, a call is then taken regarding the amount of loan that can be issued.
This is mainly done to reduce the incidence of NPAs (non-performing assets). The greatest challenge for loan providers is debts and so they need to be absolutely certain that the loan applicant happens to be creditworthy.
The credit score in India fluctuates between 300-900. Lenders consider 750 to be the ideal score. The score is again dependent on factors such as timely payments, one’s loan history, credit balance and credit usage. It is quite arduous to maintain the credit scores of millions of individuals in our country. Accurate computation is next to impossible here. Financial institutions depend greatly on other third party sources to glean data on the applicants so that they are able to find out as much information as possible.
The turnaround time for verification is usually 3-4 days and it is done on a pan-India basis by our agents posted in the different cities.
