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Banks needn't fear the 'three Cs' of investigation: FM Sitharaman

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General

Finance Minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman at a press conference in New Delhi after a meeting with CEOs of public sector banks and CBI Official on Saturday. (PHOTO-DALIP KUMAR)

BS Web Team New Delhi
Banks need not fear government investigators for “genuine, bonafide decisions", said Finance Minister Nirmala Sitharaman on Saturday, reiterating her government’s commitment that businesses will need not be harassed.

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General—agencies often called to investigate finance crimes.


The CBI director met leaders of state-owned banks this morning to allay fears, said Sitharaman at a press conference, adding that