Eleven state-run banks under the Reserve Bank of India’s (RBI) prompt corrective action (PCA) framework recorded higher interest income but lower asset quality, a Mint analysis showed, even as differences between the government and central bank over the framework have burst out into the open.
Banking in India
How do bank frauds happen? Central Vigilance Commission has the answers
Gold Silver Reports (GSR) – From creating fictional debtors and inflating invoices to hiring chartered accountants to access the core banking systems (CBS) during audits, delinquent borrowers have deployed a slew of tactics to commit bank frauds.