“Take public sector bank staff out of CVC purview” (Business Line, November 26) is a relevant suggestion. While the CVC machinery at the Central level and at individual bank levels is doing a wonderful job in vigilance-related tasks, yet an atmosphere has been created where the general mass of bankers feel demotivated and, in fact, scared to take even genuine banking business and credit-related decisions. The Government must revisit the rules that force bankers to file FIRs against borrowers for their credit defaults. Frauds have to be prevented, fraudsters have to be penalised but innocent bankers and right decision makers need to be protected at all costs. The wearer alone knows where the shoe pinches.
I.K. Kilam (HBL)
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