From SBI to PNB, India has a 47-year record of scams at govt banks

The scams vary from Jimmy Nagarwala's Rs 6 million from SBI to Nirav Modi's Rs 110 billion from PNB. Modi govt still loves them

At the risk of making many of you yawn, or go “not again”, let me use that much-spoken wisdom: Never waste a crisis. The reason this great wisdom is rarely put into effect is that it needs boldness. It isn’t an option for bureaucrats, time-servers, or the risk-averse. The reason we invoke this again now is simply that Prime Minister Narendra Modi is none of the above. He is the biggest risk-taker in our politics after Indira Gandhi. Funny that the audacity we seek from him is to undo the most audacious, and disastrous actions of none else than hers.