The governor is correct when he says that no regulator can occupy every nook and cranny (A) / It could not take legal action (B) / in the case of SWIFT messages bypassing the Core Banking System (CBS). (C) / The RBI had asked the banks, more than once, to take corrective action (D) / Indian judiciary must work on fast-track system (E).
DCBA Statement E is out of context, talking about Indian judiciary, whereas, the other lines are talking about RBI and its regulation. INTRODUCTION OF THE SUBJECT- RBI (D) The RBI had asked the banks, more than once, to take corrective action WHERE WAS THE ACTION TO BE TAKEN? (C) in the case of SWIFT messages bypassing the Core Banking System (CBS). FURTHER PROCEEDINGS (B) It could not take legal action ANALYSIS ON THE BASIS OF THE INCIDENTS (A)The governor is correct when he says that no regulator can occupy every nook and cranny.
Given below are two statements:
Statement I
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