.............The banks get outside the purview of the CBI/CAG/CVC and will then be able to take commercial decisions without fear of being hauled up 10 years later for what was just a bad commercial decision. The flip side, of course, is that RBI needs to strengthen its supervision, which has been found wanting on various occasions. Indeed, if the government is keen to professionalise PSUs, the same PJ Nayak format should be extended to all of them. Transfer government shareholdings in them to a Temasek-type fund where the government stake is at 50% and have the fund run by a professional board. Immediately............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment