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May 25, 2015
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RBI to soon set up Central Fraud Registry
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI) will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans."It will come up soon. Work is under way to set up the Central Fraud Registry," a top RBI official told PTI.
Source -
http://economictimes.indiatimes.com
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