Apex Bank’s Urjit Tanks

September 24 2018

The Modi government is worried sick that no positive news regarding the state of the economy, especially banking, is reaching the people. There is a lot of noise that there has been as much as 322 per cent increase in NPAs after Modi took over. The Reserve Bank is trying its level best to argue for the government, issuing statements every month explaining things. Last week too, a lecture series was organised in Noida. The Central Vigilance Commission had written to all top bank leaders that they must attend these lectures. But there were hardly a few of the senior officers of the CBI and other agencies involved in investigating the banking scam. The CVC, it is learnt, is drawing up a list of such officials who stayed away from RBI Governor Urjit Patel’s speech, and possibly they will face some scorching earfuls.

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