Ex-SBI chief Pratip Chaudhuri arrested: What new rules say if genuine banking decisions go wrong

Former State Bank of India (SBI) chief Pratip Chaudhuri's arrest has sent shockwaves across the public sector banking space. Many top bankers have termed the retired banker's arrest as unfortunate and illegal.

The recent arrest of a top retired banker in connection with an alleged loan scam case has baffled the banking industry. It has reignited fear among bankers over criminal implications in cases where genuine business decisions go wrong.

Former State Bank of India (SBI) chairman Pratip Chaudhuri was arrested in connection to a decade-old loan case on Sunday from his home in Delhi. He was taken to Jaisalmer after his arrest and now remains in judicial custody.