RBI deputy says improved governance standards ‘holy grail' in fight against fraud
With the "emergence of hybrid financial products, the increasing trend of cross-border financial transactions and the dynamics of real-time fund movement and transformation", India's is more vulnerable to fraud than ever before, Reserve Bank of India (RBI) deputy governor Kamalesh Chandra Chakrabarty said during a speech last week.
Addressing causes and cures of banking sector fraud at the National Conference on Financial Fraud in New Delhi, Chakrabarty underscored the necessity of "laying down
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