CAIIB ABM 2026 | Unit 26 | Compliance Function in Banks | Module D

Learn the compliance function in banks for CAIIB ABM (Advanced Bank Management) with this complete lecture by Mr. GVRN Srinivas, Retd. AGM, State Bank of India. This video covers: Meaning of Compliance: abiding by laws, rules, regulations, and standards issued by regulators and supervisors Adherence to fair practices codes, internal rules, policies, procedures, and ethical practices Impact of financial technology on the changing banking landscape and its challenges for compliance Why compliance concerns everyone within the bank and functions as an independent, integral part of business activities Compliance Universe: Regulatory bodies (RBI, SEBI, IRDA, PFRDA, NSDL, CDSL, FCRA, NABARD, CCI, IFSCA), Statutory laws (Banking Regulation Act, Negotiable Instruments Act, Income Tax Act, GST, PML Act, State Laws), Internal policies and procedures, and Self-Regulatory Organizations (BCSBI, FEDAI, AMFI, FIMMDA) and agencies (FIU, I4C, NPCI) Assurance Function: Three Lines of Defense model (daily operations, monitoring and reporting, and independent assurance) under oversight of the Board of Directors and Board Committees Consequences of Non-Compliance: Financial, Reputational, and Legal impacts Compliance function in banks: going beyond legal bindings to integrity, ethical conduct, and good governance Non-Financial Risks: Business Risk, Strategic Risk, and Compliance Risk relating to Cyber Security (Confidentiality Breach, Availability Breach, Integrity Breach) RBI's Compliance Policy guidelines (September 2024 communication): Board-approved Compliance Policy covering compliance philosophy, culture, structure, role of the Compliance Function, and role of the CCO Ideal for CAIIB ABM aspirants preparing for their upcoming exam, this lecture simplifies core compliance and governance concepts with clear explanations and examples. For guidance, study materials, and coaching support: Call or WhatsApp: +91 94478 73644 / +91 75590 00081 Website: https://ibsbankcareer.in/ Hashtags: #caiib #caiibabm #caiib2026 #caiibexam #compliance #corporategovernance #advancedbankmanagement #caiibpreparation #bankingexams #caiibclasses #caiibmoduleD #ibs #bankpromotionexam #rbicompliance #bankingstudymaterial