Importance of Rules and Regulations in Preventing Fraud

The RBI has set new rules to pre-empt, prevent and penalise banking fraud. Instances of fraud in the sector have nearly trebled in the last year. Interestingly, the central bank’s new guidelines give more scope to the accused to clear their names. The new rules, for instance, give three weeks to the borrower to respond to allegations before it’s tagged as a fraud account. Host Anirban Chowdhury discusses the pros and cons with Abizer Diwanji advisor, Neostrat Advisors LLP, Dhruv Chawla, Partner Forensic Services, PwC and ET’s Sangita Mehta.

Check out other interesting episodes from the host like: Bumpy Rides For EVs in India, Lethal Liquor Part 1: How Moonshine Devastated a Village, India Scorching Part 1, India Scorching Part 2, Will Chabahar Port open up India’s own Silk Route? and more!

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