To make matters worse, the bank reportedly never entered these transactions into its core banking system. This is inimical, in the long run, towards the healthier banking system that India so desperately needs. If dispassionate clinical diagnosis is not properly conducted before any surgery, there is considerable scope to inflict further damage on an already fragile banking system. This is a difficult time for the Indian banking system. To make private banks excessively cautious about their actions in fear of regulatory interference in their day-to-day operations will only make a bad situation worse.

Source: Mint April 23, 2018 17:15 UTC