New Delhi: The Central Vigilance Commission (CVC) is supervising the Central Bureau of Investigation’s (CBI) probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bona fide. Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion assumes significance as the CBI is looking into a large number of bank fraud cases worth crores of rupees and involving private firms and businessmen. Some bank officials have often cited fear of the CVC and the CBI as the reason preventing them from taking a decision to recover dues from the defaulters. He added that bankers themselves have to muster courage to recover their bank's overdues individually or collectively in consortium based NPA accounts.

Source: Mint July 02, 2017 11:15 UTC