Lenders seek immunity for board members, suggest NaBFID-like shield against arrests

Bankers have been lobbying for changes in existing provisions toward this end, arguing that it will help hasten decision-making, in turn bolstering growth and economic development. Banks repeatedly raised the issue after the 2021 arrest of former State Bank of India chairman Pratip Chaudhuri in an alleged loan scam case.

from Banking/Finance-Industry-Economic Times https://ift.tt/dkeXNoW