Finance minister Arun Jaitley slammed regulators, along with bank managements and auditors, on Saturday for their failure to detect bank frauds saying “politicians are accountable but regulators are not” — a statement interpreted as signalling the government’s displeasure over the Reserve Bank of India’s failure to scream fraud on the Rs 11,300-crore PNB case.
Finance minister Arun Jaitley slammed regulators, along with bank managements and auditors, on Saturday for their failure to detect bank frauds saying “politicians are accountable but regulators are not” — a statement interpreted as signalling the government’s displeasure over the Reserve Bank of India’s failure to scream fraud on the Rs 11,300-crore PNB case.
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