Jaitley calls for better risk management from public sector banks
The Finance Minister, Arun Jaitley, on Thursday made it clear to public sector banks that the Government expects much better standards of risk management practices from them.
This remark is significant as it came in the backdrop of increased incidents of frauds coming to light in the banking system.
"Some recent events are disturbing. I hope it will only be a drop in the ocean," Jaitley said at the 108th foundation day event of Indian Bank in the Capital.
Jaitley said "credibility" is extremely importantant as far as the functioning of banking system is concerned.
"Banks must endeavour to continously have improved standards of credibility," he said. Read more
No comments:
Post a Comment