............The government should accept the RBI's suggestion to disassociate itself from the process to name heads of public sector banks, and give the job to an independent panel of experts. Appointments can then be fully delinked from political patron age. Two, the remuneration of public sector bank chiefs should be market linked. Now, their pay is far lower than the private sector, prompting a few to use unscrupulous ways to make money . Also, PSBs cannot attract and retain talent when their competitors pay more. This must change.........
Read - ET
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