Bankers will be allowed to work without any fear, assures PM Modi

PM Modi said low-income groups must never feel the absence of government

Assuring bank employees that legitimate business decisions and lending would not be questioned, Prime Minister Narendra Modi on Friday acknowledged that the public sector banking industry felt it was under pressure, but asserted the government would not let it down. He said a scrutiny mechanism where otherwise sound lending decisions might have turned into bad loans would be unveiled soon to protect bank employees and empower them to take lending decisions fearlessly.

He said the chairman of the World Bank had called him to congratulate him on the progress India had made on the Ease of Doing Business Index last year.