On July 15, 2024, the RBI issued three revised master directions on fraud risk management for Regulated Entities such as commercial banks including regional rural banks and All India Financial Institutions; urban, state and central cooperative banks; non-banking finance companies and housing finance firms.

To know more: https://www.fcctimes.com/2024/07/15/rbi-issues-revised-guidelines-on-fraud-risk-management-for-financial-institutions/?utm_source=WebsiteText&utm_medium=FCCRegUpdate_25Jul24