Banks needn't fear the 'three Cs' of investigation: FM Sitharaman

Banks need not fear government investigators for “genuine, bonafide decisions", said Finance Minister Nirmala Sitharaman on Saturday, reiterating her government’s commitment that businesses will need not be harassed.

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General—agencies often called to investigate finance crimes.

The CBI director met leaders of state-owned banks this morning to allay fears, said Sitharaman at a press conference, adding that