We knew there was something fishy but the extent of the rot exposed in PMC is shocking. In an FIR filed by the Economic Offences Wing, it now emerges that the management of the Punjab and Maharashtra Cooperative Bank were inactive collusion to hide and cover up the vast loans being extended to bankrupt real estate company HDIL. Can RBI be let off the hook for not detecting fraud building over the years? Watch India Development Debate to know more!
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