Can Banks escape frauds?
In mid-February of this year, Indian banks’ gross non-performing assets (NPAs), or bad loans grabbed the media headlines. A bunch of corrupt bankers and a diamond magnate conspired to launder money to the tune of Rs 13,000 Crores. The businessman in question was Nirav Modi and the bank associated with it was Punjab National Bank, […]
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Cash Bounce-back…A New Beginning
Cash outage was observed 2 years back which led to a severe crunch as the whole country went berserk in terms of currency make-overs. Post several dramatical stint of surgical measures during the de-monetisation times and after, banning of 500 and 1000 currency notes, had swept off the Indians making them feel cash deprived […]
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