How to deal with corrupt bosses of state-owned banks—Part II

........The biggest bane of public sector banks in India that account for roughly 70% of the industry, is the opaque appointment process of the top bosses. There is hardly any norm there; most appointments are based on discretion of the bureaucrats involved in the process with the Reserve Bank of India deciding to look the other way. Should an executive be first made the CMD of a relatively small bank and then move on to head a bigger bank? Or, should the person be straightaway made the boss of a large bank? Can a banker who has spent close to three decades in a small bank be suddenly catapulted to the corner room of a very large bank? Or, should he be chosen to head a small bank because of his background? Nobody knows the answers to these questions........

Read - Mint