Act without fear while collecting unrecoverable loans: Advice to Bank officials!
Posted on: 21/Nov/2014 2:27:23 PM
A meeting of the heads of nationalised bank was conducted in Delhi yesterday (20th November).
While addressing the meeting, the central Minister for Finance, Mr. Arun Jaitley advised that bank officials should be strictly professional.
They should impartial and fearless to take prompt and strict action while collecting recoverable debts.
They should reject any external recommendations on this front.
He informed that corrective actions have been taken on the appointment of senior executives and Managing Directors for banks.
The minister recorded that unrecovered debts have been rising. Prompt action should be taken to reduce this.
The prevailing economic conditions should be the top priority while disbursing loans.
