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Ill-conceived move

The basic fault lies in banks, besides the usual government interference in their affairs

Business Standard 

With reference to “Union opposes govt demand to get extra surplus from RBI” (November 17), the move seems ill-conceived and unprecedented. 

If the Centre manages to exert pressure on the to pay the proposed special dividend, it would be like robbing Peter to pay Paul as our “incorrigible” public sector banks continue to behave like errant boys. It’s strongly felt that no amount of such frequent financial “infusion” would magically resolve their alarming non-performing assets’ position, which has assumed menacing proportions. 

The basic fault lies in banks, besides the usual government interference in their affairs. Perhaps it warrants some “surgical strike”-type treatment. How about their need-based mergers and in the larger national interest, on the lines of the

S Kumar   New Delhi
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First Published: Sun, November 19 2017. 22:32 IST
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