...In its report presented yesterday, the Nayak committee said three years is a short time to gauge whether a bank has the management skills to create a value proposition, while factors such as market interest in the stock and determining the future financial trajectory are also difficult. The committee said insistence on a three-year window for listing incentivises "poor governance" promoters to exit, while "good governance" promoters who want to grow a business slowly are disincentivised..........
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