J&K&L HC: Undenied Pleadings are Deemed Admitted by Implication under the CPC || Kerala HC: Transfer Order Pending Disciplinary Proceedings Cannot be Disguised as Punishment || Allahabad HC: GST, Incentives, 0r Festival Advances Cannot be Deducted From Employee’s Retiral Dues || SC: Absconding Accused Cannot Claim Anticipatory Bail Solely Because a Co-Accused Was Acquitted || Supreme Court: District Cricket Bodies Must Adopt Good Governance Voluntarily, Not Follow BCCI Rules || Supreme Court: Post-Award Property Purchasers Cannot Resist Execution of an Arbitral Award || SC: Telecom Spectrum is a Community Resource and its Ownership Cannot be Decided under the IBC || SC: Police Failure to Invoke IPC Provisions Led to Contractor’s Acquittal in Cement Stockpiling Case || SC: Bank’s Internal Classification of Debt as NPA Does Not Determine Limitation under the IBC || Bombay HC: Clarifies Procedure for Executing Foreign Decrees

Central Fraud Repository comes into operation- (Reserve Bank of India) (21 Jan 2016)

MANU/DDBS/0001/2016

Banking

The Reserve Bank of India notified operation of the Central Fraud Registry from 20 January, 2016. The Registry, first mentioned in the Bank’s Fourth Bi-Monthly Monetary Policy Statement, 2014-15, will record fraud committed by borrowers, and the information will be searchable by banks. Frauds involving sums between Rs. 1,00,000 and Rs. 5,00,00,000 will be monitored by RBI’s Regional Office, whereas frauds greater than Rs. 5,00,00,000 will be monitored by the Central Fraud Monitoring Cell.

Tags : RBI CENTRAL FRAUD REGISTRY CELL

Share :