Indian Banks have been under the RBI scrutiny. The RBI has come down heavily for the bad loans and customer security issues. Last year could well be termed as the worst year for the Indian banks when loans went on crores, borrowers fled the country after defaulting, high-profile clients whose frauds ran in multi-crores. This saw the exits of a few high profile bankers. Hence, this sternness and earnestness are needed to bring back the public faith back to the central institution and in its auditing.
In the recent case, Yes Bank founded in 2004 by Rana Kapoor and Ashok Kapur, has f ...
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