RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

RBI has Revised the Threshold for Reporting of Frauds from Rs. 25 lakhs to Rs.1 Crore

February 18, 2016 RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127 / 03.10.42 / 2008-09 dated August 14, 2008, DNBS. PD. CC. No. 256 … Continue Reading →