Supreme Court order on banking fraud: RBI to shortly issue new guidelines

Supreme Court order on banking fraud: RBI to shortly issue new guidelines

The Reserve Bank will ‘shortly’ come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice to a defaulter before labelling him a fraudster. “The SC has given a judgement, saying natural justice has to be provided to a borrower before … Read more