What is the review on RBI’s new circular in master direction on fraud?

The Reserve Bank of India has recently issued updated Master Directions to step up the fight against fraud in different financial sectors. Issued on 16th July 2024, these directions signify a significant departure from the existing regulatory criteria meant to consolidate and improve the overall soundness of financial operations in commercial banks, financial institutions and other regulated entities.

https://www.jaagrukbharat.com/Understanding-RBIs-New-Master-Directions-on-Fraud-Risk-Management-ODU1 

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