News & Media 9th May 2023

Banks opt to go slow on fraud classification


Mukesh Chand Senior Counsel | Mumbai

Latest Thought Leadership

Articles 14th Jun 2024

Digital Bouncers: Navigating the Digital Competition

Read More
Articles 14th Jun 2024

SEBI Imposes Financial Penalties on Market Infrastructure Institutions For Surveillance Failures

Read More
News & Media 13th Jun 2024

Compensation claims plunge as SEBI crackdown intensifies

Read More
News & Media 12th Jun 2024

50% assured pension for central govt staff under NPS: Proposal explained

Read More

Banks are going slow in marking delinquent accounts as fraud, as they await clarity from the Supreme Court (SC) on disclosure norms. This comes after the country’s biggest lender, State Bank of India (SBI), moved to the apex court seeking clarification on the apex court’s order on fraud account classification.

Against this backdrop, Mukesh Chand, Senior Counsel, Economic Laws Practice (ELP) has been quoted in an article, ‘Banks opt to go slow on fraud classification‘ published by Financial Express (India).

Read the detailed quote here: Click Here