Sunday, August 19, 2012

No more diktats from FinMin to banks: FM


State-run lenders may no longer get advisories from the finance ministry on how to run their operations. Finance Minister P Chidambaram on Saturday made it clear that the government would not unnecessarily interfere in the day-to-day affairs of the banks, and any advisory, if at all required, would be sent only after his approval. The assurance from the finance minister came at a meeting with chiefs of public sector banks today. This has brought relief to some bankers who often expressed their displeasure, though not officially, over the frequent instructions from the finance ministry.............. 

No comments: