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Vikhe-Patil demands apology from SBI chief

Press Trust of India  |  Mumbai 

Leader of Opposition in the Assembly Radhakrishna Vikhe-Patil today said the chairperson Arundhati Bhattacharya should apologise to farmers over her statement on loan waiver.

The leader, who led a protest at headquarters here this afternoon, said, "She is not a policy- maker at the state or the Centre. Her statement is an infringement on the powers of legislatures. She is a public servant and should remain so.

"When the Prime Minister Modi made a promise of loan waiver to farmers, Bhattacharya kept mum, but she selectively remembers credit discipline when loan waiver for farmers is discussed," Vikhe-Patil said.

"The same had written off debts of many corporates and the aggregate amount is Rs 1.40 lakh crore. She must not forget it when she talks about farm loans," Vikhe-Patil said.

Bhattacharya had said yesterday that sops like loan waiver may disrupt credit discipline among borrowers.

"We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well. As such future loans given often remain unpaid," she said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 23:42 IST