It's 'fear mongering': BSE CEO on talk of India's banking sector crisis post PNB fraud case

 BSE CEO Ashish Chauhan said that the size of the Indian banking system is "Rs one crore crore". "In India we (banks) charge 12 per cent per annum from people who borrow. People who lend to the banks, we give them only four per cent. So basically, the banks earn eight per cent (profit).

It's 'fear mongering': BSE CEO on talk of
Punjab National Bank (PNB) was hit by the country's biggest-ever banking fraud of more than Rs 13,000-crore allegedly perpetrated by diamantaire Nirav and his associates in connivance with some bank officials. Image source: Reuters

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