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LATEST NEWS UPDATES | Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram -Sobhana K Nair

Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram -Sobhana K Nair

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published Published on Mar 7, 2020   modified Modified on Mar 7, 2020

-The Hindu

It is only part of mismanagement of financial institutions under BJP government watch, says ex-Finance Minister

The government and the RBI didn’t bother to read the balance sheet of the Yes Bank, former Finance Minister P. Chidambaram said pointing out to the unusual growth in the loan book at the rate of 35% a year between March 2014 to March 2019.

The loan book registered registered a spike especially in 2016-17 and 2017-18, the two years immediately following demonetisation, he said adding that the RBI and the government both should be made accountable.

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The Hindu, 7 March, 2020, https://www.thehindu.com/news/national/government-rbi-didnt-bother-to-read-the-balance-sheet-of-yes-bank-says-chidambaram/article31009171.ece?homepage=true


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