Tags:
Journalism of Courage
MUMBAI, MAR 6: The Reserve Bank of India (RBI) has dismantled the advisory board on bank frauds headed by former deputy governor SS Tarapore. The dismantling, which took place on February 28, follows the central vigilance commissioner’s (CVC) move to set up a central advisory board on bank frauds.The central bank had set up the board in 1997 after bankers complained of having developed fear psychosis of enforcement agencies which prevented them from commercial lending. The move to set up the board was initiated by former finance minister P Chidambaram. The board comprised a retired police commissioner, a chartered accountant and a retired Bombay HC judge. The constitution of the board drew flak from some quarters for non-representation of commercial banks. The board had indicted former Indian Bank chief M Gopalkrishnan.
