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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more