Honest bankers don’t need to fear the ‘3 Cs’: Sitharaman

TIL Desk/Business/New Delhi/ Assuring that honest commercial decisions taken by bankers will be protected, Finance Minister Nirmala Sitharaman on Saturday said the government has decided to take measures to assuage concerns over harassment by investigative agencies.

In a meeting with heads of the public sector banks (PSBs), also attended by the CBI director, she assured the bankers that a distinction would be made between genuine commercial failures and culpability. “Banks have gone through a slightly worrying period wherein decision making was getting difficult because of fear of 3Cs.

“There was concern and bona fide decisions are not being made by banks because of what they would say undue harassment, uncalled for harassment happens because of these agencies pursuing on cases,” Sitharaman said.