Criminal case on bankers for sanctioning loans is silly: IBA
The Indian Banks' Association (IBA) CEO VG Kannan has said that slapping "a criminal case against bankers for sanctioning loans is silly". This comes after Bank of Maharashtra CEO Ravindra Marathe was arrested in â¹3,000-crore DSK Group loan fraud case. "Bankers are not concerned if a company takes deposits from the public, and therefore their arrest is unwarranted," Kannan added.