Hold Bankers to Account
Apropos ‘Markets, not Coercion, will Cure Bank NPAs’ (Feb 22). Banks have systems to analyse loan proposals and to disburse loans. As long as bank executives follow the system, they need not be apprehensive that action will be taken against them if the loan turns sticky. If there is a deviation from procedures, they should explain the reasons to the satisfaction of the investigative agency. The problem arises when bank executives cannot give a credible explanation.