People have lost faith in RBI, banking system: Anand Sharma

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“ATMs are running dry. And from the back doors crores and crores and crores of newly-printed currency is going out. So how can people have trust…” he asked.

He said it will take a long time for the Indian banks to rebuild their trust.

“What ethics are there and correctness is there when your own money is snatched. You will say that your money is there, don’t worry. It is safe. But it is safe with me as a government. I will use it the way I want and I won’t give it to you. That is where the trust is gone. It will take a longtime to rebuild the trust in the banking system,” he said.

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