Sangita Mehta

In this discussion, banking editor Sangita Mehta and financial wrongdoing tracker Rashmi Rajput dive into the unraveling saga of Anil Ambani's Reliance ADAG group. They explore the Enforcement Directorate's probe into massive loan fraud and money laundering, detailing shady dealings linked to Yes Bank. The guests highlight the alarming audit red flags, the impact of PwC's resignation, and the ongoing investigations into Reliance Infrastructure's dubious financial practices. It's a fascinating look at a high-stakes corporate drama unfolding in real-time.

Sangita Mehta, ET’s Banking Editor, and Sachin Gupta, Chief Ratings Officer at CARE Ratings Ltd, dive deep into the RBI's latest draft guidelines. They discuss the significant shift requiring banks to handle lending and deposit activities directly, which could reshape banking structures and balance sheets. The conversation highlights how these regulations may challenge traditional practices, impact upcoming IPOs, and even lead to potential mergers among banks. The duo provides keen insights into the evolving landscape of the banking sector and consumer protections.