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2013: Sting operations, bad loans hit all from SBI to Yes Bank

From the country's largest lender, State Bank of India (SBI), to the youngest Yes Bank, lenders were fined for violating regulatory norms after sting operations exposed chinks in their armour. The year 2013 saw the Reserve Bank of India (RBI) nudge banks to not only improve customer services and reduce bad loans but also look at plugging loopholes in the regulatory system ahead of the entry of new banks. The much-awaited guid...
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