MCB BANK LTD HAS POOR INTERNAL CONTROL OVER BRANCH BANKING OPERATIONS.

MCB BANK LTD HAS POOR INTERNAL CONTROL OVER BRANCH BANKING OPERATIONS.

MCB Bank Ltd has around 1100+ branches but unfortunately bank management are notable to devices proper internal control over bank, consequently MCB Bank has higiest fraud cases and if your review the FIA inquries as well as local polices inquries MCB bank has the highest pending cases in Special Courts as well as local courts. Bank has very poor banking operation system by the name Symbols, said system credited twice profit in the accounts of customer in the year 2009 and with out customer information and notification said entries were removed /omitted from their accounts statements to avoid breach of customer trust, MCB Bank Banking application is totally unreal-able and bank IT and Risk control department is still working on favors to their favorites and sifrashi staff to cover up their silly mistake and many time lower staff is considered escape goats to spear the involved culprit staff.

few of the fraud  incidents where MCB Bank Ltd management and their banking mechanism was failed to prevent frauds, either some mistake was read and understood as fraud to reclaim insurance and as well as write off from same