Mumbai / New Delhi: Bankers have supported Pratip C Chaudhuri, a former SBI chairman, and questioned the way he was arrested in a case involving the company’s reconstruction of alchemical assets and borrowers who were harmed.
“Prima facie, it seems that the norms have been ignored.
This is not the way it is done, without giving someone the opportunity to be heard …
it seems that it is not a corruption case,” said the former Chairman of SBI Rajnish Kumar to Ti.
He said that this case involved a dispute between the arc and property owner and one person seemed to have been chosen.
“It’s not about an individual.
Today he’s, tomorrow maybe someone else,” Kumar added.
Arundhati Bhattacharya, who replaced Chaudhuri and was the first woman to lead the largest bank in the country, also supporting her former boss.
“I can prove the fact that Mr.
Chaudhuri is truly honest and equally honest and there is absolutely no mistake on its part.
This is a day that is unfortunate for bankers when a senior banker is brought to a task like this without making mistakes , “he told Toi.
Ironically, the arrest occurred a day after the Ministry of Finance’s norms at the uniform staff accountability framework for non-performing assets (NPA) accounts of more than Rs 50 Crore, intended to protect bankers from Bona Fide’s business decisions that have proven wrong later.
Bankers are alert to actions by law enforcement agencies, encouraging some of them to slow down in sanctions loans, concerns that encourage Prime Minister Narendra Modi to move and comfort them.
“Really sad, is a system that is being prepared by Defaugters despite all attempts by Modi Govt, time to overhaul the judicial process to increase transparency and introduce accountability,” Tweeted former Deputy Sunil Srivastava.
Reacting to Kumar’s comments to the news platform, Mohandas Pai brought social media to look for government intervention.
“Surprisingly, @finminindia (Ministry of Finance) and @RBI (Reserve Bank of India) must intervene to protect the bank and its employees,” he tweeted.
Some bank executives said that Chaudhuri’s arrest would once again cause fear, not only in sanction loans but even in the recovery process, where lenders and borrowers often chose to resolve contributions and release criminal interest.
SBI sources accuse that the borrower has tried to thwart the bank’s efforts to restore fees for a long time.
The executive also shows that given the size of the transaction, it is impossible it will be Chaudhuri’s decision.
“Also, even in a smaller loan, never one person who decides on recovery,” said an SBI executive.
“If there is a defaulter that can send a former bank leader to be imprisoned on charges, how can bankers do this? The government has repeatedly convinced us that the authorities cannot pick up bankers without reason.
This case has been properly properly before the court is closed for Diwali – this seems to be translated , “said a senior banker.
Other bankers show that defaugter is given all the opportunity to repay.
“In this case, several years have passed since the default and final sales.
You cannot compare the current value of real estate with a longer value.
Also, when assets are sold in depressed conditions, the judgment is always lower.”