In episode three of a podcast series with Moneycontrol.com, Tarun Bhatia, Managing Director and Head of South Asia in the Business Intelligence and Investigations practice at Kroll, a division of Duff & Phelps, spoke about the recent scandal involving India’s Punjab & Maharashtra Co-operative (PMC) Bank.
Looking back at the developments, Tarun shared some key learnings from the case. Consumers are advised to be more vigilant and to diversify their risk. Saving with multiple banks can help to spread the risk; consumers should also pay attention to any corporate-governance related news about these banks. Any corporate governance issues are red flags and could prevent consumers from becoming victims of fraud.
Listen to the full podcast here.
Previous episodes are available here:
