Business Standard

Letter to BS: Bankers shouldn't fear cops if they are not corrupt

A frank discussion and the assurance by the PM earlier and the FM now will be of great value to the bureaucracy in the banking world

Finance Minister Nirmala Sitharaman speaks to journalists after a cabinet meeting in Delhi (Photo: PTI)
Premium

Finance Minister Nirmala Sitharaman speaks to journalists after a cabinet meeting in Delhi (Photo: PTI)

Business Standard
This refers to the report “Banks need not fear probe agencies: FM” (December 29) that talks about Finance Minister Nirmala Sitaraman meeting the heads of the public sector banks or PSBs. She has performed yeoman service to the cause of promoting the health and efficiency of the banking system by assuring them in the presence of the director of the Central Bureau of Investigations (CBI) that granting of loans or any other financial decision should not be influenced by the fear of being hounded by the CBI. A similar meeting with the Enforcement Directorate and the Directorate of Revenue Intelligence

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 30 2019 | 10:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com