Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt.2. Improve governance and management......
RBI has cited at least 10 areas where it has no control over PSBs. RBI Governor Urjit Patel on Tuesday made a strong case for more powers to effectively regulate public sector banks (PSBs)......
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening......
With losses being reported in the current quarter and the next, the rating of many PSU banks will go below the radar and if a downgrade happens, they will find it difficult to raise resources plus......
But experts say govt has hardly given up control in these entitiesShares of public sector banks, led by Bank of Baroda, rallied sharply on Monday, defying the overall weakness in the market. The......