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As part of the fraud control measures, the RBI has suggested banks setting up internal control systems to combat frauds and actively participate in fraud prevention committees/task forces which formulate laws to prevent frauds and take proactive fraud control and enforcement measures.
The apex bank has also urged commercial banks to "block a lost card immediately on being informed by the customer and formalities, if any, including lodging of FIR can follow within a reasonable period."
"(The) Reserve Bank of India reserves the right to impose any penalty on a bank/NBFC under the provisions of the Banking Regulation Act, 1949/the Reserve Bank of India Act, 1934, respectively for violation of any of these (fraud control) guidelines," it had said.
Don't expect the expected from Dibakar Banerjee.
Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry ...
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