Q.3 What are the reasons for the high prevalence of scams in the banking industry in India? What are the implications of such scams for the economy? Suggest the way forward. (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/op-ed/the-scam-faultline-is-damaging-indian-banking/article65628245.ece In the intro, mention that the RBI’s Financial Stability Report released in December 2021 projects the rise … Continue reading Q.3 What are the reasons for the high prevalence of scams in the banking industry in India? What are the implications of such scams for the economy? Suggest the way forward. (10 Marks)