Govt weighs special courts to fast-track bank fraud cases

The government is considering establishing special courts to expedite the resolution of bank fraud cases, with discussions underway between the law and finance ministries and banks. This move aims to accelerate disposal, improve financial recovery, and reduce legal costs for lenders. Recent data reveals significant fraud cases reported by banks, prompting the need for a faster judicial mechanism.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MIvj9N6
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