Friday, 8 April 2016
Banks delay prosecution sanction: CVC
Hindu dated 8/4/2016
Despite a nationwide uproar over the gigantic size of non-performing assets (NPAs) and many loan defaults, the public sector banks have violated the Supreme Court guideline to give prosecution sanction within four months to proceed against officers accused of criminal conspiracy to cheat them.
In at least 16 cases public sector banks have delayed permission, the CVC said.