Compliance culture of Indian banks unsatisfactory: RBI deputy governor
Mumbai, Aug. 20 -- Reserve Bank of India deputy governor M.K. Jain on Tuesday said the compliance culture of Indian banks is unsatisfactory. Speaking on the sidelines of the banking summit organised by the Federation of Indian Chamber of Commerce and Industry (Ficci) and the Indian Banks Association (IBA), Jain said the central bank has observed various gaps in compliance by banks....
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