The crisis that hit India’s 4 largest private sector Bank – Yes Bank Crisis is clear indication Raghuram Rajan was worried about, during his term as Governor of RBI.

After PMC bank crisis, now it is India’s largest Private sector bank facing a financial crisis.

But what is RBI and Government doing about it? Why these machineries exist? Aren’t they supposed to keep an eye on banks?

Below chart data from https://www.ceicdata.com/ which clearly indicates the banking condition of Non Performing loan after the resign of Raghuram Rajan and during Modi government in power.