......While
CBI Director Ranjit Sinha on Wednesday pitched for fixing criminal
accountability of public sector bank officials in case of loan defaults,
he was contradicted by veteran economist C Rangarajan, who pointed out
that the rise in non-performing assets of banks could also be on account
of the grim state of the economy rather than frauds. Rangarajan, a
former RBI Governor and chairman of the Prime Minister’s Economic
Advisory Council, was the chief guest at the 5th Annual Conference of
Central Vigilance Officers of government PSUs and officers from CBI on Wednesday.......
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