......Finally, RBI needs to answer a few questions. For instance, how could a bank—closely monitored by the regulator—be allowed to open 66 branches shortly after the new CEO took over? What were the RBI observers (initially it had two, and later one) doing when Chaturvedi was expanding business as if there was no tomorrow? And, how could the regulator okay Chaturvedi’s second three-year term in October last year if it was convinced the bank had indeed indulged in accounting irregularities?..........
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