Madhavpura brass grossly violated prudent banking

INDIA - Jagdish Capoor stepped down on 30 June as the deputy governor of the Reserve Bank of India (RBI). He blames the management of the Gujarat-based Madhavpura Mercantile Cooperative Bank (MMCB) for throwing all prudential norms to the winds. Extracts from the interview:

Q: How do you look back at your tenure?A: I have completed 39 years with the RBI. During this period, I have witnessed significant changes in policies and their implementation. There was a phase when regulations were gettin

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