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Nobody asked what regulator was doing when banks were going berserk with lending: CAG

If banks were going berserk with their lending, lending to thieves, what was the regulator doing? Says Comptroller and Auditor General (CAG).

ANI | Updated: 24 Oct 2018, 11:05:08
CAG of India Rajiv Mehrishi CAG of India Rajiv Mehrishi

New Delhi: While addressing a gathering in the national capital on October 23, Comptroller and Auditor General (CAG) of India Rajiv Mehrishi said, 

“Speaking of banking crisis...nobody asks what was the regulator doing all these years? If banks were going berserk with their lending, lending to thieves, what was the regulator doing? Were they fulfilling their duties or not? Are they accountable or not”?


First Published: 24 Oct 2018, 11:05:08

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