India’s banks and NBFCs have been found to be infected with giant frauds and misuse of funds, such that the banking system continues to be crisis ridden. The bankruptcy of banks
(who have been nursed under the PCA by the RBI) and their giant shocking NPAs bear loud testimony to utter misuse of funds by those who were entrusted with public money. The latest
ones to now join this fraud train are share broking firms. In this episode of the Business Tit-Bits, our Business Editor shares his take on the matter. #ILFS #Karvy #DHFL
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