- Tag results for bank frauds
Noting that system has been singularly ineffective in bringing even a single high profile fraudster to book, Rajan said, frauds are different from normal non-performing assets.
Earlier, SBI chief Rajnish Kumar had said that apart from the banks, the government and even judiciary are all to be blamed for the NPA mess.
The investigating agency has registered multiple cases against more than 50 businessmen in the two Telugu states of Telangana and Andhra last month.
The opposition wants a debate on the issue under rules that would require voting on a resolution, the government is pressing for a short duration discussion without any voting.
Central Vigilance Commissioner KV Chowdary said there was a need to skill accountants and other people associated with the banking sector to help them check frauds.