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PMC

Protect the Depositor

It is the responsibility of the Reserve Bank of India and the government to fully protect the depositors and to ensure the immediate refund of the entire money that had been deposited. The RBI has never cautioned the people against depositing money in the Urban Cooperative Banks. So, it has the duty to go to their rescue when the UCB or the bank it regulates fails.

Booking the guilty

Essentially, it is the routine disclosure breach that is most corrosive, indicating collusion, misleading of regulators, inflation of revenues and suppression of delinquency.