Govt to initiate action against erring CAs

The government has said that it will ensure that all Chartered Accountants found guilty of wrongdoing in certification of banks' books will be debarred from taking up further work with these public sector banks. It will also suggest action - including suspension/dismissal/fine/action under criminal laws - against bank officials found guilty of rejecting eligible cases and/or granting debt relief and debt waiver to ineligible farmers as well as other wrongdoings, including forgery/ tampering of documents.