RBI issues revised Master Directions on Fraud Risk Management for Regulated Entities.

Banking & Finance

The Reserve Bank of India (RBI) has released revised Master Directions on Fraud Risk Management for Regulated Entities. These updated guidelines aim to enhance the prevention, detection, and management of fraud within financial institutions. The new directions include updated policies and procedures designed to strengthen the protection of entities against fraudulent activities. This move reflects RBI's commitment to improving the robustness of the financial system and ensuring greater security and integrity in banking operations. Regulated entities are now required to adhere to these revised standards to better address and mitigate fraud risks.


      Updated guidelines emphasize mandatory fraud risk assessments and regular audits for all regulated entities.

      Institutions must implement advanced technology for real-time fraud detection and reporting under new RBI directions.

     

 

     


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CEO : Shaktikanta Das
Headquarter : Mumbai
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