Won't act against bank chiefs without evidence: Govt
The government will wait for concrete evidence before taking any action against the heads of state-owned lenders Syndicate Bank and Indian Bank, Financial Services Secretary Rajiv Kumar has said. "We will not take any action based on hearsay," Kumar added. Both the executives were booked in a â¹600-crore loan fraud case involving the companies of former Aircel promoter C Sivasankaran.