AP CM talks about PNB scam, FRDI Bill, says people losing trust in Indian banking system

New Delhi: Mr. N. Chandrababu Naidu, Chief Minister of Andhra Pradesh claimed that due to PNB Scam and Financial Resolution and Deposit Insurance (FRDI) Bill, people of the country lost their trust on Indian Banking System.

According to the report published in The Hindu, he said that government should control the frauds. He also said that there should be fear of law else everyone will indulge in such frauds.

Talking about the situation after demonetization and PNB Scam, he said that there is a problem of cash. It may be mentioned that Mr. Naidu was one of the supporters of demonetization of high valued currency notes.