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Letter to BS: FM's promise to bankers will make them work without fear

There is pressure on bankers to lend to spur the nation's GDP growth

FM, sitharaman
premium

Finance Minister Nirmala Sitharaman with Economic Affairs Secretary Atanu Chakraborty at the launch of projects, in New Delhi on Tuesday Photo: Dalip Kumar

Business Standard
This refers to Sukumar Mukhopadhyay’s letter “Fear exaggerated” (December 31). Agree, a small number of “slothful and corrupt fellows” exist in every organisation, including government departments. Officials of public sector banks can take any amount of “work pressure” and “transfer threats” in their stride, as occupational hazards. They are expected to lend, after gauging the borrowers’ intent, in addition to their capacity to repay. What, however, takes a heavy toll of their reserves is the extraneous pressure, which emboldens some borrowers to even go to the extent of assaulting them. And now, there is pressure on bankers to lend to