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Title: 5 RUPES
Description: During Subbarao's last days at the helm of RBI, the banking industry in India was rocked by the infamous Cobra Post expose of money laundering by leading Indian banks through violation of RBI's KYC guidelines, which pointed to the slackness and loopholes in the supervisory role of RBI. Dr Subbarao was also drawn into controversy when a whistleblowing complaint written to him in October 2012 by the noted activist Dr. Devidas Tuljapurkar against fraudulent activities of Bank of Maharashtra, was routinely and unthinkingly forwarded by the RBI Governor to the very organisation against which the complaint had been made.This led to alleged and massive harassment of Dr. Tuljapurkar (an ex-Director of Bank of Maharashtra) by the bank management, undermining the abject failure of whistle-blowing policy in both
Description: During Subbarao's last days at the helm of RBI, the banking industry in India was rocked by the infamous Cobra Post expose of money laundering by leading Indian banks through violation of RBI's KYC guidelines, which pointed to the slackness and loopholes in the supervisory role of RBI. Dr Subbarao was also drawn into controversy when a whistleblowing complaint written to him in October 2012 by the noted activist Dr. Devidas Tuljapurkar against fraudulent activities of Bank of Maharashtra, was routinely and unthinkingly forwarded by the RBI Governor to the very organisation against which the complaint had been made.This led to alleged and massive harassment of Dr. Tuljapurkar (an ex-Director of Bank of Maharashtra) by the bank management, undermining the abject failure of whistle-blowing policy in both
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Title: 5 RUPES
Description: During Subbarao's last days at the helm of RBI, the banking industry in India was rocked by the infamous Cobra Post expose of money laundering by leading Indian banks through violation of RBI's KYC guidelines, which pointed to the slackness and loopholes in the supervisory role of RBI. Dr Subbarao was also drawn into controversy when a whistleblowing complaint written to him in October 2012 by the noted activist Dr. Devidas Tuljapurkar against fraudulent activities of Bank of Maharashtra, was routinely and unthinkingly forwarded by the RBI Governor to the very organisation against which the complaint had been made.This led to alleged and massive harassment of Dr. Tuljapurkar (an ex-Director of Bank of Maharashtra) by the bank management, undermining the abject failure of whistle-blowing policy in both
Description: During Subbarao's last days at the helm of RBI, the banking industry in India was rocked by the infamous Cobra Post expose of money laundering by leading Indian banks through violation of RBI's KYC guidelines, which pointed to the slackness and loopholes in the supervisory role of RBI. Dr Subbarao was also drawn into controversy when a whistleblowing complaint written to him in October 2012 by the noted activist Dr. Devidas Tuljapurkar against fraudulent activities of Bank of Maharashtra, was routinely and unthinkingly forwarded by the RBI Governor to the very organisation against which the complaint had been made.This led to alleged and massive harassment of Dr. Tuljapurkar (an ex-Director of Bank of Maharashtra) by the bank management, undermining the abject failure of whistle-blowing policy in both