Home Business RBI nudges banks to decide if red-flagged accounts are fraud

RBI nudges banks to decide if red-flagged accounts are fraud

by Economic Times
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Last year, a spate of action by enforcement authorities resulted in many large borrowers being red-flagged. The RBI is now pushing banks to take a call on these loans. The red-flag account concept was introduced by the RBI to get banks to act on early warning signals, which include raids by regulatory and tax authorities.

This RBI nudges banks to decide if red-flagged accounts are fraud was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-nudges-banks-to-decide-if-red-flagged-accounts-are-fraud/articleshow/76503382.cms

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