Finance ministry asks RBI for details of 'systemic failures'
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Many interpreted the letter from the department of financial services as just short of seeking an explanation for the fraud that went undetected for over six years during which neither the bank's auditors, not the regulator's inspections had thrown up aFinance ministry asks RBI for details of 'systemic failures'
Many interpreted the letter from the department of financial services as just short of seeking an explanation for the fraud that went undetected for over six years during which neither the bank's auditors, not the regulator's inspections had thrown up any red flags. Read more