Banks need to be cautious about frauds in loans to small and medium biz: report2 min read 18 Jan 2022, 12:21 AM IST
The survey showed that more than half the banks and financial institutions did not continuously monitor MSME assets
MUMBAI : Loans disbursed to small and medium businesses during the pandemic could pose a higher risk of fraud as banks do not continuously monitor them, said Deloitte India’s latest banking survey. The survey captured the views of 72 senior management executives responsible for compliance and fraud risk management from various financial institutions.
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