Business Standard

Monday, December 23, 2024 | 04:46 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Letter to BS: FM's promise to bankers will make them work without fear

There is pressure on bankers to lend to spur the nation's GDP growth

FM, sitharaman
Premium

Finance Minister Nirmala Sitharaman with Economic Affairs Secretary Atanu Chakraborty at the launch of projects, in New Delhi on Tuesday Photo: Dalip Kumar

Business Standard
This refers to Sukumar Mukhopadhyay’s letter “Fear exaggerated” (December 31). Agree, a small number of “slothful and corrupt fellows” exist in every organisation, including government departments. Officials of public sector banks can take any amount of “work pressure” and “transfer threats” in their stride, as occupational hazards. They are expected to lend, after gauging the borrowers’ intent, in addition to their capacity to repay. What, however, takes a heavy toll of their reserves is the extraneous pressure, which emboldens some borrowers to even go to the extent of assaulting them. And now, there is pressure on bankers to lend to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in