Financial Stability Report
On 27th December, 2019, the RBI released its 25th edition of the financial stability report (FSR).
Key Findings of the Report
Record Rise in Bank Frauds
- Frauds reported by banks during the first half of the current fiscal touched an all-time high amount of Rs 1.13 lakh crore, owing to delay in detection by lenders.
- The amount involved in frauds formed about 90.6 percent of the frauds reported in 2018-19 in terms of value.
- The RBI is taking steps to integrate fraud reporting of NBFCs and urban co-operative banks in its central fraud registry database. Such interlinking would serve as an ....
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