Professional Documents
Culture Documents
Rotomac@2
Rotomac@2
Employees in good positions having powers to sanction the loans and even the internal bank
auditors and RBI auditors were not questioned.
Caugh employees at the bottom level with no powers to sanction the loan were questioned.
If they can't hit or detect the main problem or cause of the scam then how can they manage the
proper functioning of Public sector banks
Political interference
Should be minimized
As political interference may mould policies in their favour
Banks should work according to the rules and regulations Of RBI
To save the functional system
Strengthening corporate governance
By infusing or filling with greater professionalism, transparency and by defining the PSB’s
accountability routinely so that they not lent huge amount to corporates without any pressure.
Slow proceedings(judgment/action)
Proper enquiry and immediate actions should be taken.
The govt, The RBI and judiciary must ensure that prompt and salutary action is taken.
Gain public faith