Former RBI Governor Raghuram Rajan's report on bank loan frauds in the country submitted to the Parliamentary committee is sending tremors in political circles across the country. Raghuram Rajan in his report, has stated that a list of high profile fraud list was sent to Prime Minister's office and alleged that there was no action from the office on this list. Raghuram Rajan in his report to Murali Manohar Joshi headed committee, has also clarified that he set up a fraud monitoring system to stop bank loan frauds in the initial stages itself. Watch for more.
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