This raises serious question about RBI. How can they allow GTB to issue balace sheet with wrong figures, when they were aware of actual position.|
Since 2002, RBI was aware of imminent collapse of GTB. They were hiding the facts from public and allowing GTB to garner deposits and new accounts.
GTB is not a cooperative bak, it was a major indian bank with more than 8 lac customers. RBI should have done better !!