Integrity Pacts in India's Banking and Finance Sector

Independent External Monitor (IEM) Appointed

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Integrity Pacts in India's Banking and Finance Sector

In 2015, India's Central Vigilance Commission adopted an order mandating public sector bans, insurance companies and financial institutions to adopt Integrity Pacts to oversee public procurement and to appoint Independent External Monitors (IEMs) from 2016 onwards.

Additional information

  • Procurement authority: Reserve Bank of India
  • Monitor: Independent External Monitor (IEM) Appointed
  • Language: English
  • Start year: 2015
  • End year: Ongoing

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