Good Write-Ups

ocedures, fixation of ceilings for decision areas and proper documentation providing the background for decision made.

The issue of staff accountability requires resolution. Systems shall have to be developed to differentiate between losses arising out of error of judgement, deviation from procedures and decisions out of malafide intents. The banking industry with its proud past can certainly address these issues, through collective wisdom.

In your editorial on the same day, a reader may find some discordant note in the matter of permission given to banks to operate in secondary market. But for this, the editorial compelled the readers to think positively.