https://www.taxtmi.com/news?id=20847 Statutory and regulatory measures strengthen prudential banking by deploying an Insolvency Resolution framework that places creditors in control and excludes wilful defaulters, authorising the central bank to require initiation of insolvency; a fugitive offender regime enabling asset attachment and civil disentitlement; and amendments accelerating security enforcement and borrower disclosure for faster recoveries. Complementary central bank guidance mandates operational and transactional controls, borrower end use monitoring with legal consequences for false certification, an IT based red flagging system for early loan fraud detection and enhanced cyber resilience measures. en-us Wed, 19 Dec 2018 11:44:10 +0530 Wed, 19 Dec 2018 11:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20847 Statutory and regulatory measures strengthen prudential banking by deploying an Insolvency Resolution framework that places creditors in control and excludes wilful defaulters, authorising the central bank to require initiation of insolvency; a fugitive offender regime enabling asset attachment and civil disentitlement; and amendments accelerating security enforcement and borrower disclosure for faster recoveries. Complementary central bank guidance mandates operational and transactional controls, borrower end use monitoring with legal consequences for false certification, an IT based red flagging system for early loan fraud detection and enhanced cyber resilience measures. News - Wed, 19 Dec 2018 11:44:10 +0530 https://www.taxtmi.com/news?id=20847