RBI Issues New Directions On Fraud Risk Management For NBFCs & HFCs

Rajesh Kumar

17 July 2024 3:12 PM IST

  • RBI Issues New Directions On Fraud Risk Management For NBFCs & HFCs

    The Reserve Bank of India (RBI) issued updated guidelines titled "Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)”. The new Master Directions apply to all NBFCs and HFCs categorized in the Upper, Middle, and Base Layers with an asset size of ₹500 crore and above. Collectively termed as "Applicable...

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