......."Occasionally, there are concerns over the government exercising its
ownership rights not through the established channel, which is the board
mechanism, but outside of the board," RBI Governor
D Subbarao once said, without citing any specific case but making it
clear that he was referring to directives from finance ministry to the
banks. Most bankers, however, said there was much to appreciate
in the work done by Mittal. "He has done a really good job. Perhaps the
instances of micromanagement could have been avoided,".........
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