{"id":24898,"date":"2018-03-15T12:01:32","date_gmt":"2018-03-15T12:01:32","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=24898"},"modified":"2018-03-15T12:01:32","modified_gmt":"2018-03-15T12:01:32","slug":"ready-to-drink-poison-to-clean-system-says-rbi","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/ready-to-drink-poison-to-clean-system-says-rbi\/","title":{"rendered":"Ready to drink poison to clean system, says RBI"},"content":{"rendered":"<p>Gandhinagar,<br \/>\nExpressing deep anguish over a spate of banking frauds, RBI Governor Urjit Patel today said like the \u2018Neelakantha\u2019, the central bank will consume poison and face brickbats, but will persist with endeavour to become better with each trial.<\/p>\n<p>Breaking silence over the PNB scam, he said: \u201cI have chosen to speak today to convey that we at the RBI also feel the anger, hurt and pain at the banking sector frauds and irregularities.\u201d Delivering a lecture at the Gujarat National Law University here, he said: \u201cIn plain simple English, these practices amount to a looting of our country\u2019s future by some in the business community, in cahoots with some lenders.\u201d<\/p>\n<p>Patel said RBI has in place asset quality review of banks and \u201cwe are doing all we can to break this unholy nexus\u201d.<\/p>\n<p>Invoking mythology, he said RBI has undertaken the cleaning up of the country\u2019s credit culture as the Mandara mount or the churning rod in the Amrit Manthan or the Samudra Manthan of the modern day Indian economy.<\/p>\n<p>Until the churn is complete and the nectar of stability safely secured for the country\u2019s future, someone must consume the poison that emanates along the way, he said.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Gandhinagar, Expressing deep anguish over a spate of banking frauds, RBI Governor Urjit Patel today said like the \u2018Neelakantha\u2019, the central bank will consume poison and face brickbats, but will persist with endeavour to become better with each trial. Breaking silence over the PNB scam, he said: \u201cI have chosen to speak today to convey [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":24899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-24898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/24898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=24898"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/24898\/revisions"}],"predecessor-version":[{"id":24900,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/24898\/revisions\/24900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/24899"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=24898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=24898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=24898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}