Friday, July 15, 2011

RBI WANTS PSU LENDERS TO REPORT BIG FRAUDS TO CBI

In Order to check banking fraud, RBI asked public sector lenders to promptly report cases of cheating
involving Rs.1 Crore and above to the CBI, and of the Lesser amount to the police. Private and Foreign banks have been asked to report cases of fraud involving an amount of Rs. 1 Lakh and above to the police.

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