No professionalism in PSB Boards

My View on  "PSU bank boards reasonably professional": 

There is hardly any professionalism in PSB Boards. If it were there, there would have been better NPA management. When inconvenient and embarrassing questions are posed men like Pratip Chaudhary find it convenient to transfer to politicians. If there was professionalism where was the need for Pratip to clean up the balance sheet as soon as he assumed charge in the public glare? If there was professionalism as claimed by him how could King Fisher corner Rs.4000-odd crores and push it to NPA books? If it is tens of lakhs or tens of crores, accountability could be fixed. When it is in thousands of crores how can accountability be fixed? Even if fixed, how can any punitive action follow with only a small fraction held in PF or pension funds? How many times the Board members raised questions on the credit sanctions and NPA management by the Bank and what actions were reported? The Board has representatives from the Fin Min and RBI sitting and the workmen directors ornating the Boards? For once, Nayak Committee laid bare facts and offered solutions that are practical although privatization by itself is no panacea as demonstrated by the TBTF when the Fed Reserve had to come to rescue and in UK nationalization of a few banks had to be resorted. The chemistry of banks needs certainly to be looked into with great care and the time is ripe. 

- Dr.Yerram Raju