The bank attracted negative media attention in June 2013, when newspapers reported the story of victimisation of the bank's ex-Director Shri Devidas Tuljapurkar, who had in October 2012 written to the RBI Governor Dr D. Subbarao regarding fraudulent loans given by the bank.
"We should not react to instant news like this. One lesson of the crisis is that we must study the developments, and I think we must measure the extent of the problem there and how it impacts India," Duvvuri Subbarao said in Hyderabad, India.
Duvvuri Subbarao Indian Administrative Service (IAS) officer of Andhra Pradesh and present Governor of Reserve Bank of India.
from Indian Institute of Technology Kharagpur (class of 1969) where he was the recipient of Director's Gold Medal.
Duvvuri Subbarao, Current governor of the Reserve Bank Of India, was born and studied primary schooling at Eluru