Under Pressure To Present Success Stories On Digital India & Financial Inclusion, Many Banks Engaged In Fraud, Malpractice
This legacy of the Modi 2.0 government, said experts, has provided policy makers unreliable data that whitewashes failures. The first of a two-part series.
#RBI #banking #DigitalIndia #eRupee #KCC # #BankFraud #UnionGovtSchemes #UnionGovt #economy #india
Under Pressure To Present Success Stories On Digital India & Financial Inclusion, Many Banks Engaged In Fraud, Malpractice
Whether government or Reserve Bank of India programmes or their own business metrics, many banks have inflated data to present a rosy picture of deposits, loan recovery, digital transactions. Some coerced employees to do multiple daily digital transactions to pad up performance. This legacy of the Modi 2.0 government, said experts, has provided policy makers unreliable data that whitewashes failures. The first of a two-part series.