Banking accountability

Robust system is needed for investigation

Bankers are in shock after the arrest of former State Bank of India (SBI) chairman Pratip Chaudhuri by the Jaisalmer Police. Another former SBI chairman Rajnish Kumar called it a “sorry state of affairs” and a former deputy managing director of the state-run bank termed it “absolutely pathetic”. While the merits of the case will be decided in the court, the outrage is completely understandable. The arrest of a former chairman of the largest state-run bank (and also the largest bank) puts everyone in the system at risk and could make the public-sector banking system risk-averse, which would affect the