Upholding Institutional Propriety Through Improved Compliance

Sujit Sikidar , Barasha Bhuyan

The economic barometer of a nation is measured by the sanctity and institutional propriety that has been created to operationalised the economic activities before a nation. The individuals and the stakeholders in the system must adhere to the institutional norms to make the system free from biasfraudulent activities and other unnatural gain derived by violation of norms. Compliant with rules regulations by the stakeholders will make the institutions sustainable to meet the goals of economic activities of a nation. It is further agreed with a similar analogy drawn from the Italian Emperor Proclaimed “The Queen is always beyond suspicion”. The actions of the executives in a financial institution not only be free from outside interference but at the same time project itself by its action that it is avoiding conflict of interest and uphold the institutional jurisdiction and objectives mentioned in the legislation. In this article the degree of interference that is taken place in respect of extending bank credit has been critically examined by the authors.