Jaitley asks PSU banks to take effective action against frauds, wilful defaults
Finance Minister Arun Jaitley Tuesday asked public sector banks to take “effective action” in cases of fraud and wilful loan defaults.Reviewing the performance of state-owned lenders, he exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent. “FM, Shri @arunjaitley exhorted the banks to ensure all steps at their end to ensure clean lending & effective action in cases of fraud & wilful default, to justify the trust reposed in banks. Banks must strive to be seen always as institutions of clean & prudent…
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