कोशिश गोल्ड - मुक्त
Classifying Fraud a/c: RBI Issues Circular
The Morning Standard
|July 16, 2024
FOLLOWING the March 2023 Supreme Court judegment on classifying an account/borrower as fraud, the Reserve Bank has incorporated certain changes to ensure "natural justice to the borrower" and has issued a new master circular detailing essential measures to that all lenders--commercial banks, non-banks, housing financiers and all cooperative banks --have to adhere to before classifying fraud accounts.
In an order on March 27, 2023, the court upheld the petition that sought natural justice and directed the banks to give time and offer detailed explanation the borrower and also asked the RBI to issue new directions towards the same.
यह कहानी The Morning Standard के July 16, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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