RBI Issues Master Directions on Fraud Risk Management in NBFCs.

The RBI has issued the Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies) on 15th July 2024 (“Directions”) with a view to providing a framework to applicable NBFCs for prevention, early detection and timely reporting of incidents of fraud to Law Enforcement Agencies (LEAs), Reserve Bank of India (RBI) and National Housing Bank (NHB) and matters connected therewith or incidental thereto.

The said Directions shall supersede the earlier directions on the subject, namely, the Master Direction – Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016 dated 29th September 2016.

For further details, please see:  

RBI Issues Master Directions on Fraud Risk Management in NBFCs and HFCs

For any queries/clarifications, please feel free to ping us and we will be happy to chat:

RBI Issues Master Directions on Fraud Risk Management in NBFCs.

Similar Articles

Subscribe to our Newsletter

Explore

DISCLAIMER

The Bar Council of India prohibits advocates from soliciting work or advertising. By clicking ‘AGREE’ below, the user acknowledges that no solicitation has been made, and this website serves as a resource for general information about Juris Corp at the user’s own risk. The information provided here neither constitutes legal advice nor creates a lawyer-client relationship. The links provided are not endorsements by Juris Corp, and Juris Corp is not responsible for any linked content. Users are advised to seek independent legal advice for any legal issues.