Financial Services Secretary DK Mittal defends repeated directives to banks

NEW DELHI: DK Mittal, the finance ministry official whose detailed instructions to banks have drawn rebukes from Reserve Bank Governor Duvvuri Subbarao and his predecessor YV Reddy, has strongly defended his actions on the ground that his intention was to jolt state-owned banks out of their "lazy banking" habits and force them to lend more to farmers and small businesses................

 

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