Banks complain: made villain of the piece

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THERE is growing concern in banks, both government-owned and private, over what they see as the Income-Tax department, Enforcement Directorate and other investigative agencies training their guns on them and portraying them as the “villain” in the government’s demonetisation piece.

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While none of the top private or public sector bankers The Indian Express spoke to wanted to be named, they were unanimous in their assessment that they were being made a “scapegoat.” Especially when most of the money demonetised on November 8 has returned and there are continuing reports of distress given the inadequate flow of new currency across the nation.

An anchor with CNBC TV18 for almost 4 years. Also co-anchors prime-time market shows like Power Breakfast, Traders only, Markets Mid-day and NSE Closing Bell.