Banks and the F-word

Print edition : August 23, 2013

Banks have taken a substantioal hit on their exposure to Kingfisher Airlines, whose presence in civil aviation and access to large credit were both a consequence of a liberalised economic and policy environment. Here, Kingfisher aircraft parked at the Indira Gandhi International Airport in New Delhi. Photo: MANAN VATSYAYANA/AFP

K.C. Chakrabarty, Deputy Governor, RBI, at the Assocham conference on 'Financial frauds: Risk & Prevention' in New Delhi on July 26. He said in the past 10 years, there were many instances of large-scale banking frauds in India. Photo: Ramesh Sharma

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