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‘Pained & Angered’: RBI Gov Breaks His Silence on Banking Frauds

  • Breaking his silence on the various banking sector frauds and irregularities, RBI governor Urjit Patel on Wednesday, 14 March said that the Reserve Bank was “angered, hurt and pained”.
  • He added that banking frauds amount to “looting of the country's future” by some in the business community who were conspiring with the lenders.
  • “If we need to face brickbats and be 'the Neelakantha' consuming this poison, we will do so as our duty”, the RBI governor said.

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