"Continuous vigilance and intelligence gathering are two items on which we are concentrating," Gandhi said on the sidelines of an industry event.
Gandhi emphasised the need to go "deeper" and hence, the central bank may also do forensic audits of banks.
"One has to go behind the fraud and their modus operandi to find out what are the loopholes...which need to be corrected. For that, forensic audits may be done," he said.
He said the RBI has already instructed lenders, stressing the importance of information sharing, especially in face of rising bad assets, which touched a high of 4.1 percent in March 2014, rising from 3.7 percent during the previous 12-month period.
"The database of reporting mechanism is already in place on high loan items. They also have to report stressed assets to this database. That is the first step to increase information flow for all the lenders," he said.
In the recent past, officials of three public sector banks, including Syndicate Bank's chairman and managing director S K Jain and three corporate leaders were arrested in an alleged cash-for-loan scam. Besides, few senior officials of Dena Bank and Oriental Bank of Commerce (OBC) were accused of defrauding Rs 436 crore of their customers fixed deposits through fraudulent means.
The RBI has ordered forensic audits of both the banks.
Asked if such incidents and the caution exercised by bankers due to these would slow down credit growth, Gandhi replied in the negative saying that economic growth has a bearing on the credit pick-up.

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