Saturday, 11 April, 2026
RBI Warns Banks Against Frauds In Account Linked To Direct Benefit Transfer
By Basit Ansari
<p>Banks have been warned by the Reserve Bank of India against rising incidences of fraud in accounts related to the government's direct benefit transfer program and instructed to increase their vigilance and implement more rigorous inspections. In a recent meeting with bankers, the financial regulator raised the problem. According to a senior executive, the regulator wants lenders to be more proactive and keep an eye out for unexpected withdrawals or transactions.</p>
Read full story at Economic Times
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