How does RBI regulate Loan Frauds?
In the current Indian Economy there are many Frauds Happening in the Banking Sector. The major fraud in the banking sector is Loan Fraud. Loan fraud is when a borrower intentionally deceives a lender by providing false information, or by omitting important information during the loan application process or during the currency of such loan. Such fraud in India is regulated as per the directions of RBI. The situation has become so much worse that RBI has even given a…