RBI may consider fraud registry to deal with financial crimes

The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.

“Establishment of a Fraud Registry on the lines of credit information bureau could be considered by the (central bank),” said RBI Deputy Governor K C Chakrabarty here while addressing a conference on ‘Financial Fraud and Risk Prevention’.

He said banking system should debar fraudsters from conducting any banking transaction and make his living in society difficult.

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