Thursday, May 15, 2014

RBI, not FinMin, should oversee PSU bank regulations: Panel

The PJ Nayak-led panel on governance of bank boards has recommended that public sector banks should be answerable only to the RBI, and not to both RBI and the Finance Ministry as is the case now. This would provide a level playing field for state-owned banks vis-à-vis their private sector counterparts, the panel said............

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