I don’t want to become Prime Minister, I want to be a chowkidar, said then Gujarat chief minister Narendra Modi on the campaign trail during the 2014 elections. Social media is unforgiving and four years later – after the Nirav Modi banking scam blew up – a video of the PM’s chowkidar speech was repeatedly recycled.
As the NiMo banking scam unfolds, reality has hit hard. To lay the blame at the prime minister’s door for a multi-crore scam in one branch of a public sector bank would be unfair. The scam reveals, though, that however tough the chowkidar at the top, there’s deep rot in an unaccountable public sector banking system. For example, all 20 PSU banks including PNB do Read More
