Must Read

Indradhanush fading away

By IndianMandarins- 30 Aug 2016
688

indradhanush-fading-away The much-hyped Indradhanush - a seven-pronged plan to revamp state-run banks - is said to have run aground because of lack of capital infusion in PSBs and top vacancies remaining unfilled. It is said the government might have underestimated the capital requirement of the public sector lenders in the wake of unprecedented provisioning for bad debt, but there is little change in the way the five large banks with hand-picked CEOs operate. The human resource issues at the banks remain unchanged and the star-studded Bank Board Bureau (BBB), too, has been unable to manage the problem. So far, it is said to have had a limited play in revamping the public sector landscape.

free stat counter