Frequent leadership changes hamper banks' work: Ex-SBI chief
Former SBI Chairman Arundhati Bhattacharya has said frequent leadership changes at state-run banks hamper their smooth functioning. She said the recently discovered fraud is a result of lack of integration between the core banking software and messaging platform SWIFT. Talking about the fraud, she added, "Either they (bank) trusted people too much or they didn't realise there was a gap."