<h1>Government Assures No Interference in Commercial Decisions of Public Banks, Emphasizes Professional Management and Accountability.</h1> The Department of Financial Services, Ministry of Finance, has assured public sector banks, financial institutions, and insurance companies of non-interference in their commercial decisions, transfers, and postings. Banks and institutions are encouraged to make decisions objectively and based on facts, without external influence. They must adhere to established rules for transfers and postings, with exceptions only allowed by the CEO with valid reasons. A robust grievance redressal mechanism is required, allowing representation at two levels. The Prime Minister emphasized professional management of banks without government interference, reinforcing accountability while ensuring no vested government interests.