....My mind stops working when I try to probe as to whether our CMDs and EDs en masse are so dumb that none of them could visualize the problems that can be faced by India on the current account deficit due to mass level encouragement of sale of gold? Is each one of them is such a big fools that none of them could feel that KYC norms are being flouted under their very nose, and finally on the expose of Cobrapost, RBI had to slap almost each one of them with penalty running in crores? Why RBI and MoF are silent on this incompetence of bank chiefs. What has gone wrong with their selection of CMDs and EDs that has led to a situation where non of them is competent enough to see through such lapses at such a mass and national level? I will call this the biggest failure of MoF / RBI in choosing such dumb people to head PS Banks..............
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