WorldAugust 10, 2026
raided
RAY-duhd
Definition
To have carried out a sudden, often surprise, inspection or search of a premises, typically by government or regulatory authorities.
Etymology
Derived from the Old English 'rad' meaning a journey or expedition, the word evolved through Middle English to describe military incursions before expanding to signify sudden searches by officials or law enforcement.
In the news
In the context of banking regulation, the term implies that authorities conducted unannounced visits to examine the companies' records or operations to uncover compliance failures. This highlights the serious nature of the RBI's enforcement actions against the non-banking financial companies.
RBI Slaps ₹12 Lakh Penalty on 3 NBFCs for Compliance Lapses
Read the full article ↗moneylife.in