That's a plain way of telling that the bank cooked their books and RBI failed to figure that out. What a fall from where our banks stood their head held high in 2008 market slump. This is akin to the garland in monkey's neck!!

https://twitter.com/AudaciousQuest_/status/1197550838429835264?s=09

Sanghamitra on Twitter

“RBI admits in Bombay HC that PMC Bank's management fooled RBI using parallel software. So other banks might have that software or some other software and RBI's audit can't be trusted. If RBI can be fooled, whose account is safe in this country? Who are they fooling?”

Twitter