Business Standard

Protecting bankers

Govt should not lose sight of wider reforms in PSBs

budget, bank, office, documents, loan, finance, money, cash, insurance, policies, budget
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Business Standard Editorial Comment
Bankers in the public sector have been reluctant to take lending decisions due to the fear of investigative agencies in case loans turn non-performing. The government has finally walked the talk on protecting bankers from harassment. This is a welcome move because an atmosphere of fear has affected the flow of credit to the productive sectors of the economy with bankers functioning on the understanding that the best safeguard against investigation is inaction. The government announced this week that the Prevention of Corruption Act had been modified and permission would be required for initiating action against public servants. It has

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First Published: Jan 31 2020 | 12:10 AM IST

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