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Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers

In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms

FM Sitharaman's fifth tranche gets high on reforms, low on stimulus

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The Finance Ministry has taken several steps to allay those fears including withdrawing some of the notifications which were causing fears among bankers, she said

Press Trust of India New Delhi

3 min read Last Updated : May 23 2020 | 11:44 PM IST

Finance Minister Nirmala Sitharaman on Saturday said banks have been asked to extend loans automatically to eligible borrowers without fear of 3Cs -- CBI, CVC and CAG.

She said clear instructions have been given in a meeting with CEOs and MDs of public sector banks and financial institutions on Friday that the banks should not be scared to extend loans as 100 per cent guarantee is being given by the government.

In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms.

"Yesterday, I

Topics : Nirmala Sitharaman Central Bureau of Investigation Central Vigilance Commission Comptroller and Auditor General CAG Banks Bank loans

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