Friday, June 15, 2012

Public sector banks must not be burdened with social costs

......As far as the finance ministry is concerned, India, it would appear, is back to the days of bank nationalisation in 1969! The clock has virtually been turned back on the post-reform period after implementation of the Narasimham Committee Report, when banks came to be seen as commercial entities rather than as vehicles of government's social agenda.....................

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