We have observed that in the same case of consortium/ multiple financing, while staff accountability is established in a few banks, in several others, the banks do not find any staff involvement. To me, this defies logic. How can the banks shift the onus of conducting due diligence on the consortium leader and blindly follow whatever the latter does? 23.
I believe there is a pressing need to probe staff accountability in a fair and objective manner and take it to its logical conclusion. This is necessary to instill a sense of responsibility amongst the officials for complying with the laid down procedures.