Indore, Dec 02: Finance minister Jaswant Singh on Sunday said banks have lost their self-confidence after continuous scrutiny of their working by central agencies like CBI, CVC and CAG. Answering questions at a function organised by BJP's economic cell here, the minister said "the level of self-confidence among the banks has gone down after the scrutiny of their activities by CBI, CVC and CAG".
"Nowadays, the banks believe in keeping their money in the bank itself rather then giving it to the customer to avoid problems", he said, adding this was not a good situation and is not acceptable.
The Finance Minister said he will ensure that banks regain their confidence and work accordingly.
Singh also lamented behaviour of some bank officials with small customers in comparison to big ones and advised them to treat all customers equally.
Commenting on the working of stock exchanges, he said even today their role is not beneficial to the small investors who look for assured income.
He said he was making efforts to ensure that the stock exchanges work in a manner that it assures guaranteed income to the fixed income group. Bureau Report