Pun­ish Bankers Found Guilty

The Economic Times - - The Edit Page -

Apro­pos the re­port, ‘Shaken PSB Bosses Take NPA Probe Wor­ries to FM Jait­ley’ (Feb 21), it may be men­tioned that while witch-hunt­ing needs to be avoided if banks have to run their busi­ness with­out fear, the thenchiefs can­not es­cape re­spon­si­bil­ity for any un­due favours to their cred­i­tors that have since turned NPAs. Any credit de­ci­sion, taken pru­dently based on facts, credit re­ports, of­fice views, etc, is just fine, but any un­due haste in de­ci­sions, favours, lack of su­per­vi­sion, etc, would have to be probed thor­oughly and re­spon­si­bil­ity fixed — and ac­tion ini­ti­ated.

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