#drsantoshkumarbagla

[financenewss1-blog]

The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/D/2019/ 0320812]

[itsbanking123-blog]

Response by Dr. Santosh Bagla on KMBL’s statement on RBI’s Direction. To know more about Dr. Santosh Bagla visit our website today !!

Bank scams or disturbances cannot be ignored by blaming some fugitive economic accused or NPA. Without the collusion of financial / bank institutions, it is useless to imagine such a huge economic loss. Dr. Santosh Kumar Bagla says that it is unfortunate that as soon as such disturbances arise, people of these institutions or important people in other positions get involved in divert the case, as if it is their personal matter. Unless we identify them and punish them harshly, it is futile to expect any improvement.