Monday, February 15, 2016

RBI operationalizes central fraud registry

The RBI said a central fraud registry, along with the existing early detection mechanisms for
frauds, has been operationalized with effect from January 20. Frauds of Rs 1 lakh and above will be
monitored by the respective regional office of RBI under whose jurisdiction the head office of the bank falls, but frauds of Rs 5 crore and above will be monitored by the Central Fraud Monitoring Cell of RBI at Bengaluru.

0 comments:

Post a comment