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Reserve Bank of India

Tread carefully

In the throes of economic dynamism, India finds itself at the intersection of contrasting forces, with its annual retail inflation surging to a four-month high in December.

Presumed Guilty

Intolerance of economic crimes is not unique to India; Bernard Madoff the mastermind of the largest known Ponzi scheme, worth an estimated $18 billion, was sentenced by a US court to 150 years in prison, making people wonder if financial fraud was worse than violent crimes like rape and murder.

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.