Economics • Banking & FinanceMedium
Which of the following organizations in India is statutorily mandated to maintain the Central Fraud Registry for reporting banking frauds?
A. Securities and Exchange Board of India
B. Reserve Bank of India✓ Correct Answer
C. Deposit Insurance and Credit Guarantee Corporation
D. National Bank for Agriculture and Rural Development
💡 Solution & Explanation
The Reserve Bank of India maintains the Central Fraud Registry as a centralized database for banking frauds, allowing banks to track fraudulent entities and mitigate systemic risks. Other regulatory bodies like SEBI oversee capital markets rather than maintaining bank-specific fraud repositories.
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