This is in reference to the article ‘Privatization of banks’ published in the Daily Excelsior sometime back.
It is unfair to blame bank employees for frauds that take place in banks. Bank is the only organisation that gives salary to employees from its own resources and in whom Government trusts. That’s why we are told to implement the Government schemes for public welfare. Whenever a bank has to lend loan amount in crores, it receives consent from the Government. So when loan becomes bad blame falls on us which is absolutely unfair.
In order to avoid frauds in future there is urgent need to make bank reforms to give more powers to banks to deal with fraudsters.