Time for Clean-up

The Economic Times - - Companies: Pursuit Of Profit -

It seems the govern­ment is quite de­ter­mined to clean up the bank­ing sys­tem. At a re­cent meet­ing be­tween bank chiefs and the govern­ment, the chief of a be­lea­guered bank, whose of­fi­cials have been un­der the scan­ner of in­ves­tiga­tive agen­cies, was told to stop all lend­ing to cor­po­rates. Ap­par­ently, the dik­tat may re­main in force for at least two months be­fore the bank fixes the process.

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