Pun­ish Those Hand in Glove

The Economic Times - - The Edit Page Ict Trade -

Apro­pos the Edit, ‘Mar­kets, Not Co­er­cion, Will Cure Bank NPAs’ (Feb 22), wrong­do­ing by a pub­lic ser­vant should be in­ves­ti­gated and pun­ished if found guilty. This will make their col­leagues ex­tra cau­tious in de­ci­sion-mak­ing. Hav­ing said that, bona fide de­ci­sions of sanc­tion­ing loans for green­field projects even if it is known that they pad up project cost and di­vert funds could be con­doned, but not mala fide ones in con­nivance with bor­row­ers for con­sid­er­a­tions other than those of com­mer­cial pru­dence.

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