........The ministry’s growing interference in the working of public sector banks has invited criticism from RBI with governor D. Subbarao pointing out that the government should exert its ownership rights only through established channels like the boards. “In the next board meeting, we will put up an advisory to our board, following which this structure would be adopted,” said a chairman and managing director of a public sector bank. “Operationally, it will not change things much for us. If RBI has no issues with reporting items not being put up to the boards, then we are open to it.”
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