Former RBI Governor Raghuram Rajan said that there was plenty of blame to go around for the nearly Rs 13,500 crore Punjab National Bank scam. Rajan, who was RBI Governor from 2013 to 2016, broke his silence on the scam after allegations were levelled against the 80:20 gold scheme rolled out in 2014. He said one has to look into how the PNB scam occurred and where the lapses are. “We need to think very seriously about public sector bank governance reforms,” he added.
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