Wednesday, May 21, 2014

PSU banks need to free themselves from govt influence: Raghuram Rajan

.............."If public sector banks become competitive, and especially if they do so by distancing themselves from the influence of the government without sacrificing their 'public' character, they will be able to raise money much more easily from the markets. "Indeed, the better performers will be able to raise more, unlike the current situation where the not so good performers have a greater call on the public purse. Competition will improve efficiency,"...........

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