Reserve Bank Of India [RBI] — not taken any action on financial institutes

Address:

411038

On many complaint to rbi, they does not take any strict action against bank. Because bank staff have no fear of rbi. When you said any banker about rbi he laughing on us. Many bank recovery staff do not know who is rbi.
Before many years, all banks follow rbi rules and guidelines, but now a days no bank and bank staff care about rules and guidelines. Bank having no fear of rbi and its law.
Example : fullerton, indiabulls (Ivl finance)
Some times why feel, is their connection between this firms and rbi staff, so they delay or ignore to take action against them.