India Today Editor-in-Chief Aroon Purie talks about how India’s banking system is heading for a catastrophe and how to avert it, in the December 28, 2020 edition of the India Today Magazine.
Some states apparently have less currency, and others more.
The answer lies in a complete absence of oversight and deep-rooted corruption at all levels.
It's time the RBI and the government do to banks what SEBI did to the stock market after the scam in 2001.
This is just the beginning of more that is headed our way.
It has also provided an opportunity to put strong safeguards in place and make the system impregnable.