My View on "CURSE OF ’13 OFFERS A FEW LESSONS":
Institutional reforms are not easy come by in a world ruled by hypocrisy. Banking sector is in dire need of governance reforms. It is time to see whether the CMD posts in PSBs need separation of Chairperson. Time to see how the SBI and other private sector banks with non-executive chairmen are performing with division of functions between the Chairman and Managing Director and draw lessons. It is also time to see the effectiveness of the various committees of Board in Banks are functioning in terms of their roles and responsibilities.
- Yerram Raju
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