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Unethical practices by some lenders eroding public trust: RBI DG
Financial Express Lucknow
|July 30, 2025
RESERVE BANK OF India (RBI) deputy governor Swaminathan J has said intense competitive pressures and a desire to project short-term success are making some banks and non-banking finance companies adopt unethical practices.
Speaking at private sector lender Karur Vysya Bank's foundation day event in Tamil Nadu's Karur recently, he said managements of such lenders feel the "ends justify the means", and warned that such practices risk eroding the public's trust in the integrity of the banking system.
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