PNB scam: Won't tolerate irregularities in financial sector, says PM Modi

I want to appeal to those who have been given the task of framing rules and maintaining ethics in financial institutions to perform their duty with full faith, said Modi

Prime Minister Narendra Modi on Friday told financial players, auditors, and regulators to perform their duties diligently, warning that the government would not tolerate irregularities in the sensitive sector.

Without mentioning the Punjab National Bank (PNB) fraud or the Reserve Bank of India, Modi said, “I want to appeal to those who have been given the task of framing rules and maintaining ethics in financial institutions to perform their duty with full faith, particularly those who have been given the responsibility of monitoring and supervision.”

The prime minister said the government was taking strict action against those behind financial irregularities. “We will