Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors.
Let's delve into the hypothetical lifelines in a public servant’s career that help them indulge in corruption.
The extension of the tenure of bank directors in the latest amendment of the Bank Company Act is part of the mechanism of patronising the private bank owners at the expense of national interest.
Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors.
Let's delve into the hypothetical lifelines in a public servant’s career that help them indulge in corruption.
The extension of the tenure of bank directors in the latest amendment of the Bank Company Act is part of the mechanism of patronising the private bank owners at the expense of national interest.
