Viewsroom: Fraud puts India’s lenders on edge
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 28 February 2018
⏱️ 21 minutes
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| 0:00.0 | AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style. |
| 0:07.0 | But it knows nothing about your work. Slackbot is different. It doesn't just know the facts. |
| 0:14.0 | It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught. |
| 0:20.0 | Because Slackbot isn't just another AI. |
| 0:23.3 | It's AI that knows your work as well as you do. |
| 0:26.4 | Visit Slack.com forward slash meet Slackbot to learn more. |
| 0:30.4 | The views expressed on this podcast are those of the participants, not of Rogers News. |
| 0:48.0 | A $1.8 billion fraud at a branch at Punjab National Bank is rippling through India's financial and political system, and the United Kingdom is becoming the battleground for Disney, Comcast, |
| 0:53.0 | and Fox to fight over the future of media and entertainment business. |
| 0:57.0 | These are the stories we'll be tackling on this week's views room, a weekly conversation among breaking views columnists about the ups and downs of the world of finance. |
| 1:04.5 | I'm Jennifer Sabah and my co-host is, as always, Anthony Curry. |
| 1:08.0 | Hello, Anthony. |
| 1:09.2 | Gooday. |
| 1:10.1 | We turn first to a growing crisis in India, sparked by fraud at a branch of Punjab National Bank. |
| 1:16.1 | For the lowdown, we hand the mic over to our colleagues in Asia. |
| 1:21.1 | Hi, I'm Jeff Goldfarb, head of Asia for breaking views, and I'm here with Yuna Galani, our columnist in Mumbai, and she's been following |
| 1:30.1 | a kind of amazing story where a single bank branch in the city has spawned a $1.8 billion |
| 1:38.1 | scandal that has spread across the financial community and indeed all the way up to the corridors |
| 1:43.6 | of power in the state government. |
| 1:46.0 | Yuna, why don't you talk us through, I mean, what exactly happened, what we know so far. |
| 1:51.0 | Yeah, look, Jeff, this is really an astonishing story. |
| 1:55.0 | One of India's largest state control banks, last week reported a $1.8 billion fraud. Now, that number would be huge |
... |
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