Search results
RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling - ET...
The Economic Times· 8 hours agoFollowing the Supreme Court judgment of March 27, 2023, the Reserve Bank of India (RBI) on Monday...
Fraud tag on loans only after hearing borrowers: RBI to banks - ETCFO
The Economic Times· 10 hours agoThe Reserve Bank of India (RBI) has asked banks to give borrowers at least three weeks to respond...
RBI issues revised circular to declare accounts as fraud, incorporates Supreme Court ruling on...
Business Today· 23 hours agoAll regulated entities will now have to issue a detailed show cause notice to the persons, entities...
RBI calls on lenders to hear borrowers before declaring account fraud
Business Standard India· 20 hours agoThe move follows the Supreme Court judgment of March 27, 2023, that borrowers must be given a...
Borrowers must get 21-day notice before fraud tag: RBI - Times of India
The Times of India· 13 hours agoRBI has said banks must give a 21-day show-cause notice to the defaulter, giving them an opportunity to present their case before classifying the account as fraud.
RBI revises fraud circular to account for Supreme Court's ruling on borrower rights - CNBC TV18
CNBC TV18· 24 hours agoThe Reserve Bank of India (RBI) on Monday, July 15, issued revised Master Directions on the...
NBFCs to have special committee, 21-day notice for fraud prevention - ET BFSI
The Economic Times· 10 hours agoThe Reserve Bank of India (RBI) on Monday released a circular to curb the fraudulent activities in...
Real estate stocks are roaring. But there is a dark side.
Livemint· 23 hours agoWhile this is a positive development, in the overall stressed project scenario, where resolution and...