Tag: rbi master direction
Will you be arrested if fake bank note is recovered from you? Often, the question is asked by a common person that “will I be arrested if fake bank notes are recovered from me? The answer is simple, No, as mere possession of a forged note does not …
FAQs – RBI Master Direction on Credit Card and Debit Card – Issuance and Conduct Directions, 2022 Query 1. What should a customer do if a credit card is issued without his/her consent (unsolicited card)? Response: Card issuers are prohibited from issuing unsolicited credit cards and are required to …
Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case Law Citation:ABCAUS 3693 (2023) (03) SC In the instant case, RBI and various banks had challenged the order passed by the High Court holding that the principles of …
