A whistleblower letter against a PSU bank may be a trigger to check peers too
Published on 29/04/2026 01:42 PM
A whistleblower letter against a PSU bank may be a trigger to check peers tooThe complaint is that the deposit base is magnified to make the books look better, something that many banks may be guilty of.By Furquan Moharkan April 29, 2026, 1:42:04 PM IST (Published)On April 15, 2026, X [name withheld] — an executive at Union Bank of India — wrote a letter to Sanjay Malhotra, the governor of the Reserve Bank of India, alleging “window dressing” of the financials by the public sector bank to magnify deposits at the end of the March 2026 quarter.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers