Reserve Bank of India (RBI) recently released updated guidelines for managing fraud risks in banks. This framework is designed to enhance security, prevent fraud, and protect customers. The guidelines aim to detect suspicious activities early, improve reporting practices, and hold accountable those involved in fraudulent activities. Let’s break down the key elements of these guidelines to understand how they’re shaping a safer banking environment. Overview … Continue reading RBI’s 2024 Fraud Risk Guidelines: Strengthening Banking Security