Fear at PSBs: Younger talent keeping away from project loan appraisal

Public sector banks (PSBs) say they are not able to fill their staff position at project appraisal and credit teams, with younger employees not interested in building a careers in areas where decisions could later come under scrutiny from investigative agencies.   If banks are not able to make a healthy pipeline in credit assessment teams, and there are not enough people to appraise a project, chances of money being approved four doubtful projects would be accordingly higher.   “This is a real problem. In future, you might have to get your projects evaluated by third-party .....

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