There are several instances of Bank Officials caught for wrong doings & served few yrs of jail & may be job lost. If he had made money thru clandestine deals, he will come out of jail &enjoy his tens of crores which he would never save in his life time. Hence such frauds keep going unchecked. Only way to stop such day light robbery with the involvement of Bank Staff, is to make both the Staff & borrower (if caught) must be made to clean the toilets of the bank alongwith their entire family members (through out their service and no promotion for life OR at least for 5 yrs if already retired) take away all their property. I am sure the most stubborn White collar thief will not dare think of taking such punishment. It is worst than Jail. In jail you see none of the colleagues but in Bank, all the employees will be seeing him clean toilets daily. We should not go soft on such White collar criminals.
The psu banks are white elephants. the staff get their salaries and do not contribute to the organisation. thats why there is rot in the banking system
They have reasonably controlled norms barring corrupt staff due to security of job upto retirement, even one can see many in PSU banks are not uptodate to convert banks into digital working or are very slow, govt. does not have a plan to compulsorily retire them early. They need overhaul in HR side, due to organised unions, govt. is afraid of even to privatise them.