Why the Cobra’s sting will not poison any of the banks

If there is one prediction one can make about the CobraPost sting that exposed HDFC Bank, ICICI Bank and Axis Bank managers as being more than willing to help people launder money, it is this: after everything is said and done, more will be said than done. A few low-level bank officials may be hauled over the coals, but the banks themselves will get away scot-free. Consider what the government and the RBI have said so far in what appears to be an open-and-shut case, ............

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