............At a meeting, held between RBI and CEOs of large commercial banks, RBI suggested that Indian Banks Association - the management body of commercial banks- to suggest a mechanism wherein a fraudster could be nailed and punished, said a bank chief who did not want to be named. During the meeting, chaired by RBI deputy governor K C Chakrabarty, bankers pointed out that very often the company officials or their promoters commits a fraud but bank staff are penalised for it since the CBI inquiry is mainly targeted at lenders.........
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