Home Business Mega PNB fraud: Urjit Patel blames RBI’s very limited authority under banking...

Mega PNB fraud: Urjit Patel blames RBI’s very limited authority under banking acts

By
Lucky Jain
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540
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(G.N.S) Dt. 14 Ahmedabad During his speech at law university in Gujarat, RBI Governor Urjit Patel said “Market discipline mechanism for public sector banks is appreciably weaker compared to that at private banks.” In the wake of recent mega PNB fraud, Reserve Bank of India governor Urjit Patel said RBI’s

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