• Why is RBI taking strong action?

    After the collapse of banks in Europe and the US, the Indian central bank has become very cautious. It has already seen the havoc created by the PMC Bank fraud and the challenges while imposing a moratorium on Yes Bank. The RBI does not want any of the situations to repeat and is trying its best to be proactive and avoid any risk, whether it’s a systematic or any individual bank’s operational risk.

    why is rbi taking strong action
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