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Now
that
three
of
the
most
important
stakeholders
in
the
Indian
banking
landscape
have
spoken
in
favour
of
essentially
treating
'lending'
as
the
dharma
and
karma
of
bankers,
it
is
time
perhaps
to
revisit
the
entire
gamut
of
issues
connected
with
decision-making
in
credit,
especially
in
public
sector
banks.
Addressing
a
convocation
at
the
NIBM
last
week,
Vinod
Rai,
currently
chairman
of
the
Banks
Board
Bureau
and
internationally
respected
for
his
role
as
the
CAG,
said
"the
cacophony
of
uninformed
voices
should
not
impact
the
decision-making
process
of
bank
executives".
About
the
same
time,
while
SBI
chairman
and
banking
thought-leader,
Arundhati
Bhattacharya,
said
that
lenders
need
to
be
"empowered"
and
not
rapped
on
their
knuckles,
the
RBI
governor,
Raghuram
Rajan,
put
across
a
broader
regulatory
perspective
that
"it
would
be
wrong
to
take
a
negative
view
on
the
lenders'
judgment
on
a
non-performing
loan
after
the
passage
of
several
years
and
linking
it
to
the
changed
situation
prevalent
at
that
time".
All
three
seemed
to
be
reading
from
the
same
page
of
an
ideal
treatise
on
commercial
banking
practice.
But
when
you
come
to
the
ground
level,
decision-making,
especially
in
high-value
credit,
is
still
hampered
by
fear
of
intervention
by
the
Central
Vigilance
Commission
(CVC)
and
the
Central
Bureau
of
Investigation
(CBI),
sometimes
many
years
after
the
event.
Bankers
take
commercial
decisions
and
could
go
wrong
in
both
their
judgment
and
assessment.
It
was
Napoleon
Bonaparte
who
said
that,
"Nothing
is
more
difficult,
and
therefore
more
precious,
than
to
be
able
to
decide."
This
adage
is
important
for
any
discussion
on
this
subject.
As
bankers,
there
are
at
least
ten
decisions
relating
to
'money'
that
we
make
every
day,
and
these
could
ultimately
add
to
the
bottom-line
or
impact
it
adversely.
And
even
though
we
are
in
the
public
sector,
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