US EditionCompetition, chasing short-term success leading some lenders to adopt unethical practices: RBI DG
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Competition, chasing short-term success leading some lenders to adopt unethical practices: RBI DG
MUMBAI, Jul 29: Reserve Bank of India Deputy Governor Swaminathan J has said intense competitive pressures and a desire to project short-term success are making some banks and non-banking finance companies adopt unethical practices. Speaking at private sector lender Karur Vyasya Bank’s foundation day event in Tamil Nadu’s Karur last Friday, he said managements of such lenders feel the “ends justify the means”, and warned that such practices ri…
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