Uniform accountability code for PSU bankers coming soon
SECTIONS
Share
Synopsis
Indian Banks’ Association (IBA) has formed a committee under Canara Bank executive director MV Rao to look into the nuances of staff accountability. The panel will recommend steps that will be adopted by the lenders.
Gross non-performing assets (NPA) at the aggregate level improved to 7.5% at the end of September this year, from 8.5% at end of March 2020 and from 11.5% at end of March 2018, but may rise again due to the pandemic-led disruptions.
INSIGHTS
NSE
Explore Now
Public sector banks may follow a uniform practice on employee accountability for bad loans and other risk-oriented business calls to prevent potential witch-hunts in the guise of probing lapses.