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Crisis of confidence in banking system provides an opportunity to unleash reforms

Updated : June 23, 2018 02:21 PM IST

The government's response to the issue of bad loans has been to bail out the errant banks with taxpayer's money.
Historically, India has not held the boards to as much media and public scrutiny as it has done for the CEOs of any company.
Meanwhile, the case of fraud at Punjab National Bank of Rs 110 billion, which involved the connivance of at least 54 employees over a period of time, is experiencing no headway either.
Crisis of confidence in banking system provides an opportunity to unleash reforms
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