Vigilance means watchfulness;. It is not the purpose of vigilance to wait for lapses to be committed and
then try to conduct post mortem. What is more important than punitive vigilance is preventive vigilance.
Recognizing the importance of preventive vigilance in Banks, the Central Vigilance Commission has
suggested that an officer of suitable seniority is required to be designated as Chief of Internal Vigilance
(CIV) who inter alia, shall also be responsible for introducing preventive vigilance measures. The RBI
guidelines advocate that the CIV may take the following measures on preventive vigilance: