Bombay HC stays action under 2017 RBI Master Circular on 'fraud classification' of bank accounts

In an interim order, Bombay high court on Monday stayed action by Banks under a Master Direction issued by the Reserve Bank of India (RBI) on ‘Frauds classification’ of bank accounts, till September 11, while hearing a clutch of petitions challenging the top bank’s circular. https://ift.tt/dfGiU0W