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Bank Frauds : Is everything alright with Public Sector Banks ?

Once again Public Sector Banks are in news, obviously for negative reasons. Now, this fact is wide open in public domain that PSU are careless in maintaining due diligence with respect to Large scale transactions and loan disbursements. Recent news of Dena Bank , OBC , Syndicate Bank and IDBI Bank are highlighting the fact that the Banking system needs a tight rope from RBI.