Indian bankers jittery over proposed laws

INDIA - Rattled by scams, bankers are now jittery that new laws could push them further towards the edge. The financial regulators are now pitching for a change in the statutes that would put the responsibility on banks, financial institutions and other intermediaries to first prove themselves innocent when a `serious fraud' hits the system.

So it didn't come as a surprise when bankers were visibly upset and later voiced their protest last week after the committee on fraud made a final present

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: