22 Sep 2020

How did RBI perhaps not notice Yes Bank’s loan books develop by 35% in a asks p chidambaram year

How did RBI perhaps not notice Yes Bank’s loan books develop by 35% in a asks p chidambaram year

Congress leader P Chidambaram asked just how no officer regarding the RBI noticed a 35-per cent jump when you look at the loan guide associated with the bank in per year whenever loan publications of other banking institutions had been growing at nine %.

Congress frontrunner and former Union finance minister P Chidambaram on Saturday stated the Yes Bank fiasco ended up being brought on by “mismanagement” of finance institutions underneath the BJP government and demanded that the RBI conduct an intensive probe and fix accountability within the matter.

He stated it had been “bizarre” for State Bank of India to get Rs 2,450 crore to get a 49-per cent stake into the crisis-ridden bank underneath the government-approved bailout plan.

“this will be a matter that really must be completely enquired into and accountability fixed, ” he told reporters.

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