....experts warn that going ahead with the plan without properly empowering bank boards could be like putting the cart before the horse. Among those who have issued a note of caution are former Axis Bank chairman PJ Nayak, who headed a Reserve Bank of India (RBI) panel that originally recommended the separation of posts. The Nayak report had recommended separation of the two posts, but only at the end of a three-phase transition process to fully empower the boards. “Such board empowerment requires several complementary measures to be taken. It is unclear as yet whether they will be (taken),” ...........
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