Search results
RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling - ET...
The Economic Times· 17 hours agoFollowing the Supreme Court judgment of March 27, 2023, the Reserve Bank of India (RBI) on Monday...
RBI makes adverse remarks against top PSU bank executive - The Economic Times
The Economic Times· 4 days agoIn a rare instance, the Reserve Bank of India (RBI) has made certain adverse observations regarding...
RBI calls on lenders to hear borrowers before declaring account fraud
Business Standard India· 1 day agoThe move follows the Supreme Court judgment of March 27, 2023, that borrowers must be given a...
RBI issues revised circular to declare accounts as fraud, incorporates Supreme Court ruling on...
Business Today· 1 day agoAll regulated entities will now have to issue a detailed show cause notice to the persons, entities...
RBI revises fraud circular to account for Supreme Court's ruling on borrower rights - CNBC TV18
CNBC TV18· 1 day agoThe Reserve Bank of India (RBI) on Monday, July 15, issued revised Master Directions on the...
Borrowers must get 21-day notice before fraud tag: RBI - Times of India
The Times of India· 23 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.
Paytm Payments Bank appoints ex-IDBI Bank executive Arun Bansal as new CEO
Business Standard India· 6 days agoBansal is a former IDBI Bank executive. The Reserve Bank of India (RBI) had approved Bansal’s...
RBI alarmed at lakhs of bank accounts being used for fraud: Report | Mint
Livemint· 6 days agoThe Reserve Bank of India (RBI) expressed its surprise at some banks having lakhs of accounts that...
RBI issues fresh circular to all banks, HFCs on classifying accounts as fraud
CNBC Awaaz· 1 day agoThe RBI has issued a master circular on fraud risk management for all banks, HFCs and NBFCs to...
Fraud tag on loans only after hearing borrowers: RBI to banks - ETCFO
The Economic Times· 19 hours agoThe Reserve Bank of India (RBI) has asked banks to give borrowers at least three weeks to respond...