Chakrabarty downplays Cobrapost exposé | Business Standard

Chakrabarty downplays Cobrapost exposé | Business Standard

My online comments:
It is intriguing that RBI Deputy Governor Chakrabarty is giving a ‘mixed’ response on a vital issue. Large-scale Financial Inclusion drive is about much smaller accounts and actually, KYC norms should be more stringent in case of bigger accounts(both deposit and credit). Statements like ‘There would be always some black money in the system and we don’t require sting operation to show that’ are vague and do not make anyone wiser.

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