Sunday, June 21, 2020

BANKING

Last year, a spate of action by enforcement authorities resulted in many large borrowers being red-flagged. The RBI is now pushing banks to take a call on these loans. The red-flag account concept was introduced by the RBI to get banks to act on early warning signals, which include raids by regulatory and tax authorities.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dnswFF
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