Friday 23 March 2018

A Comment About Empowering RBI to Deal with PNB Fraud

My Comment on an article titled "PNB fraud: Time to take a big stick to these Clouseau Bankers in India" published in the economictimes.com Dated 22/03/2018. 

"True. The RBI should be more empowered to deal with corruption and inaction in the banking sector, whether national or private. 

The RBI governor should be given full powers to crack down upon them and punish them."

Here the word 'Clouseau' refers to a person or body making mistakes without realizing it or with no intention to rectify those mistakes.

So, the in-charge of RBI should be more empowered and smart enough to bring such erring beings into commitment and hold responsibility for their acts.

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