Lakhs' of Internal Bank Accounts Used For Frauds

Name: Lakhs' of Internal Bank Accounts Used For Frauds
Uploaded: 2024-01-01T00:00:00+00:00
Duration: 3 min
Description: Published On: July 10, 2024 - RBI has raised caution on the misuse of banks' internal accounts. The central bank has revealed that some banks opened 'lakhs' of internal accounts with no valid reason and these are being misused for fraudulent transactions and evergreening of loan accounts.

2024 • 3min • News • Business

Informative

Published On: July 10, 2024 - RBI has raised caution on the misuse of banks' internal accounts. The central bank has revealed that some banks opened 'lakhs' of internal accounts with no valid reason and these are being misused for fraudulent transactions and evergreening of loan accounts.