Last year, a spate of action by enforcement authorities resulted in many large borrowers being red-flagged. The RBI is now pushing banks to take a call on these loans. The red-flag account concept was introduced by the RBI to get banks to act on early warning signals, which include raids by regulatory and tax authorities.from Personal Finance News-Wealth-Economic Times https://ift.tt/2V2MJdd
No comments:
Post a Comment