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Sent a list of 10 defaulters to PMO, but no action was taken, says Raghuram Rajan

Updated : September 12, 2018 06:38 AM IST

If one or two are brought to justice, it sends a message that the government will come after fraudsters and ensure they face penalties, Rajan told CNBC-TV18.
In a note to Parliament's Estimates Committee on NPAs of public sector banks, Rajan said a larger NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes.

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