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

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