FM assures bankers they will not be hauled for genuine commercial decisions

FM assures bankers they will not be hauled for genuine commercial decisions

Finance Minister Nirmala Sitharaman on Wednesday assured bankers that they wil

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on Wednesday assured that they will not be hauled up for genuine commercial decisions even if the call goes wrong due to business reasons.


She, however, added that the decision taken with malafide intension will be dealt as per the law.



“They are at least now reassured that the government is repeatedly making distinction between vigilance based decisions and those which are not. We have made it very clear that genuine commercial decisions even if they have gone wrong because businesses went down are not going to be held against their decision making at all,” she said.


Addressing heads of public sector here, the said have gone through period of churning starting with Asset Quality Review in 2015 leading to some disorientation among them.


“So many things have to be reset, so many things have to be reoriented and till today, many of us still feel we need to give that extra push to people move forward with that without fear or…



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