.........So far, RBI has fined three private banks for various irregularities detected during its inspection. We learn that as many as 15 show-cause notices have been issued by the regulator. But, now, the banks can use these honest bankers to forcefully argue that they do not encourage employees to break the rules, much less launder black money. In effect, banks would expect everyone to believe that the willingness to launder black money is not a reflection of institutional tolerance (or encouragement) but an employee fraud................
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1 comment:
The proposal that honest men who can withstand pressures should be honored gives an impression that they are a minority. I would like to believe that majority of employees across government public and private sectors are honest and are not lured by ‘gifts’ or bribes or chances to go higher in career. Actually that majority is sustaining our country in one piece.
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