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DBS Bank, Govt investor protection body ink MoU to enhance vigil on fraudulent schemes
The Business Guardian
|February 20, 2024
The Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA) and DBS Bank with a strong presence in Asia and Southeast Asia on Monday signed a Memorandum of Understanding (MoU) wherein IEPFA will leverage on diverse digital platforms of DBS Bank to disseminate safety messages on investment and fraudulent schemes.
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Previously, IEPFA, set up in September 2016 for administering the IEPF regarding refunds of shares, unclaimed dividends, and matured deposits/debentures among other things, has also signed MoUs with the Bank of Baroda and ICICI Bank for similar activities.
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