Amount involved in bank frauds of above Rs 1 lakh on decline

Enactment of the Fugitive Economic Offenders Act, 2018 as well as authorisation to PSBs to obtain certified copy of passport of promoters/directors of companies availing loans of more than Rs 50 crore are among other measures that have been adopted by the government.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NcZEI9