SBI panel says nothing irregular in Acharya loan

An internal panel of the State Bank of India, which probed graft allegations against Deputy MD Shyamal Acharya, has found there was nothing “irregular” in sanctioning of the loan in question.

Bank Chairperson Arundhati Bhattacharya said the internal committee has not found any wrong doing by Acharya.

Acharya, who headed the mid-corporate group for the bank, was alleged to have facilitated the sanction of a loan against some favours.

“There is nothing irregular with the way the loan has been passed,” a bank spokesman said.
He declined to answer when asked what would happen to the case now, and whether Acharya, who was asked to go on leave after the allegations surfaced last month and CBI started a probe, would resume work.

“This is only an internal committee report,” the spokesperson said. The report was to have been submitted on November 30.

Financial Services Secretary Rajiv Takru said in New Delhi that the ministry has received SBI’s internal probe report and is looking into it. He also said that he discussed the report with Bhattacharya.