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At meeting with panel of MPs, heads of banks blame RBI for woes

Updated : June 26, 2018 04:19 PM IST

The PSB chiefs told the Parliamentary panel headed by veteran Congress leader M Veerappa Moily that they will come out of RBI's Prompt Corrective Action (PCA) scheme in two years.
Many Members of Parliament (MP) were not satisfied with the replies of PSB heads as rising number of frauds has become a serious cause of concern for the entire banking industry.
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