..........PSBs, said Rajan, were in a worse position than their private counterparts in attracting human resources. In the past, he said, PSBs had the best talent; today, past hiring freezes had decimated their middle-management ranks, with private banks having also poached talented personnel. He advised state-owned banks to recruit laterally. "But, to do so, they need to be able to promise employees responsibility, as well as the freedom of action."...........
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