When this reporter asked Rao if the bank will take any steps against its director’s arrest, or if it would respond to an ongoing lawsuit at the National Consumer Disputes Redressal Commission (the apex, quasi-judicial consumer court in India), where it finds itself at the centre of police reports and crores in fraud allegations, he gave a rather vague and unrelated response. “You do not know the meaning of digital arrest, and I will not be speaking with you because it is only a matter of seconds to create a fake identity. Today’s newspaper is tomorrow’s waste-paper,” Rao said.

Source: Mint February 25, 2026 07:00 UTC