Monday, November 18, 2013

P Chidambaram backs bankers over bad loans

............."Banking is a business and lenders take decisions which turn out to be wrong,'' Chidambaram said at the banking conference Bancon 2013 organised by Bank of India in Mumbai on Friday. "At times, some decisions are taken. But a poor or a wrong decision does not mean it is a malicious decision. But if authorities question these decisions that would be the most dangerous thing to do."  The finance minister's declaration of support triggered a burst of applause from the audience...........

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