%A Ranjit K Pattnaik,Jagdish Rattanani
%T RBI and the PNB scam: regulation in ruins
%! RBI and the PNB scam: regulation in ruins
%X We must not forget that the RBI has a seat on the PNB board. In any case, the supervisory machinery by RBI should have caught on to this mismatch across the banking system. If they have not been aware of such a high magnitude of transaction happening repeatedly, then the whole supervisory machinery put in place is superficial.
%U https://www.thebillionpress.org/columns/economy/rbi-and-pnb-scam-regulation-ruins-1238