support the objective to weed out corruption and irregularities but when it comes to procedures or commercial decisions going wrong then there has to be an understanding about the category under which such a case is treated i have heard in the news that in one case 250 bank officers have been named that causes problems i dont see a situation that 250 bank officers from different lending institutions colluded together to help one person divert funds how is that possible are we taking this to the other extremehdfc chairman deepak parekh said that there is a risk aversion on the part of banks that is clogging the system what is your takewe cant be too liberal in these times it cant be business as usual we have seen the consequences in each sector we have reviewed our policies and if clients conform to those policies bank credit will be available to them obviously there will be a tightening around the monitoring of funds which has become a big issue we have come across a lot of problems because of diversion of funds and as per rbi also it is treated as fraud more than sanction it is the postsanction monitoring which has been a cause of big problems how do you keep a strict oversight on funds we provide to clients we are looking to fix that this cannot be called risk aversiontoday if we look at any funding proposal we ask promoters where is the equity if banks are making an attempt to enforce discipline it gets equated with risk aversion i still believe that we cant go to another extreme and stop the liquidity tap but everyone wants to be very careful looking at the current economic circumstancesyou have tightened credit to auto dealers isnt that risk aversionwe had a meeting with the auto dealers association and tried to understand the issues faced by them we have no problem in funding the inventory but it should be selfliquidating you sell and you pay back if there is an inventory buildup we are alright with increasing the credit period from 60 days to 75 days and if that is not sufficient we will increase it to 90 days if there is a shortterm slowdown we will help but there should be a mechanism where this money is rolling read alsoreviewing exposure to auto dealers car loans will ensure industry do not suffer sbiwe are sitting with individual auto dealers and working out plans pk gupta sbi since infrastructure leasing financial services ilfs collapsed in september last year the nonbanking finance companies nbfc liquidity crisis has persisted the government took a few measures but it doesnt seem to have solved the problem now we are seeing issues with a few other nbfcs nbfcs play a very critical role in lastmile funding and connectivity its important that the flow of credit to nbfcs and in turn from nbfcs to the sectors they were funding should continue if