India, June 17 -- The Central Bureau of Investigation (CBI) on Tuesday asked the public sector banks (PSBs) and ministry of finance officers to act timely on its requests for sanction under Section 17A (for conducting investigation) and Section 19 (for filing charge sheets) under the Prevention of Corruption Act, which are key to completing probes and trial in bank frauds, people familiar with the development said.

The matter was discussed with the officers of department of financial services (DFS) and chief vigilance officers (CVOs) of public sector banks (PSBs) in a meeting in Bengaluru, in which other ways to expedite investigations in bank frauds being investigated by it.

The meeting assumes significance in the wake of a Delhi court...