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Govt assures bankers of protection in loan decisions

DNMUM442818 | 9/12/2019 | Author : DNA Money Correspondent | WC :196

Mumbai: The government has promised bankers protection for the credit decisions they take while sanctioning loans.
Union Minister of State for Finance AnuragThakur assured bankers that they would not be penalised and hounded by government agencies just for taking commercial decisions.
“In my interactions with various bankers and officials, I think we have said it time and again, and I will say it again now that the decisions taken by you in course of business in good faith with a sound business rationale will not face any witch-hunt,” said Thakur while addressing the 72nd annual general meeting of the Indian Banks Association.
“We have set up a panel which will look into all fraud related cases and bankers will be given protec
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