Letter to BS: PMO is obliged to put Raghuram Rajan's list in public domain

It also needs to be examined whether there was an element of criminality behind such seeming inaction

Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan.

While the political slugfest over the banks’ non-performing assets continues unabated with both the Congress and the Bharatiya Janata Party (BJP) blaming each other, former Reserve Bank of India governor Raghuram Rajan’s (pictured) written deposition to the Lok Sabha Estimate Committee has added a new dimension to this raging controversy. Rajan’s deposition said that during his tenure, the RBI had set up a fraud monitoring cell to coordinate the early reporting of fraud cases to the investigating agencies and had in fact, sent a list of high-profile cases to the Prime ...