Supreme Court notice to RBI in Subramanian Swamy plea on bank scams

The petitioners contended the number and value of banking frauds detected by RBI and other agencies during the last couple of years showed that despite wide powers, RBI 'failed to protect the interests' of stakeholders including depositors, investors and shareholders. The plea reads "the regulator is being supinely indifferent to a series of bank frauds with questions now being raised about it".

via Economictimes

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