This is not just happening in Banking sector but across many sectors. Managements for some reason are ignoring warnings by RBI, Regulators, Food and Medicine Regulators, Educational regulators assuming that, nothing will happen even if they keep ignoring such warnings.
In medical sectors, some companies have published ads in last 3-4 years and irrespective of concerns raised, kept on publishing mis-leading ads.
I think Corporate Governance and Ethics should be taken seriously by all sectors so that the old mistakes are not repeated in future.
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