Tuesday, June 12, 2012

Govt agenda to dictate PSU banks' board meets

Finmin asks nominee directors to highlight key issues of financial inclusion, rationalisation of branches and priority sector lending


Government nominees on the boards of public sector banks, financial institutions and insurance companies might now dominate the agenda at their meets. Concerned that the boards give a slip to the government’s areas of interests, the finance ministry has instructed all its nominees to prepare a list of key issues that should be discussed before moving on to the agenda set by the company.................

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