Mr Jobes is senior executive officer of a leading MNC operating in Bangladesh. He has a bank account with The City Bank, a local private commercial bank. He also uses an ATM card for withdrawal purpose which is issued by the bank. On a Friday morning he got up from the bed and saw a message on his cell phone. The message came from his bank’s SMS banking division. By the message he came to know that tk. 20000 has been withdrawn from his account a few minutes ago although the ATM card was on his wallet when he got the message. He immediately informed the matter to the proper authority. They assured him that bank will take action. Later on bank investigated the complaint of the client and came to know that it is a fraud issue. Some of the Bank officials are also involved with this fraud. At last bank has compensated to Mr. Jobes and apologized for this unexpected occurrence and suspend the guilty officials along with their employer.
1. How a bank can save itself from this type of losses? 2. Which type of insurance policy can protect a banker from losses?
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When u give like these questions no will be actually interested in giving you the answer...
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They all usually opt to answer any small questions
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