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Letters: Govt, cut stake in PSBs

The government must cut its stake in PSBs to raise fresh capital through the divestment route

R Narayanan  |  Ghaziabad 

With reference to the editorial, “Chasing rainbows”, rural banking cooperatives, precursors to modern banks, could not be improved in decades. Their ills of dual control and partisan interests were imbibed by public sector banks (PSB), leading to unprofessional management systems.

Changes in the regulatory framework, rising customer expectations, shift in employee demography and changes in technology have emerged as key drivers for They must gear up to meet demands from an expanding economy; optimise resources; increase their presence across the value chain; renew focus on research, development and innovation; create a better performance culture and service customer demands effectively.

The government must cut its stake in to raise fresh capital through the divestment route, aid in systematic recapitalisation and, more importantly, bring in leadership that is free to perform with ability and authority.

R Narayanan, Ghaziabad 

can be mailed, faxed or e-mailed to: 
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg 
New Delhi 110 002 
Fax: (011) 23720201 ·  E-mail: letters@bsmail.in
All must have a postal address and telephone number

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Letters: Govt, cut stake in PSBs

The government must cut its stake in PSBs to raise fresh capital through the divestment route

The government must cut its stake in PSBs to raise fresh capital through the divestment route
With reference to the editorial, “Chasing rainbows”, rural banking cooperatives, precursors to modern banks, could not be improved in decades. Their ills of dual control and partisan interests were imbibed by public sector banks (PSB), leading to unprofessional management systems.

Changes in the regulatory framework, rising customer expectations, shift in employee demography and changes in technology have emerged as key drivers for They must gear up to meet demands from an expanding economy; optimise resources; increase their presence across the value chain; renew focus on research, development and innovation; create a better performance culture and service customer demands effectively.

The government must cut its stake in to raise fresh capital through the divestment route, aid in systematic recapitalisation and, more importantly, bring in leadership that is free to perform with ability and authority.

R Narayanan, Ghaziabad 

can be mailed, faxed or e-mailed to: 
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg 
New Delhi 110 002 
Fax: (011) 23720201 ·  E-mail: letters@bsmail.in
All must have a postal address and telephone number
image
Business Standard
177 22

Letters: Govt, cut stake in PSBs

The government must cut its stake in PSBs to raise fresh capital through the divestment route

With reference to the editorial, “Chasing rainbows”, rural banking cooperatives, precursors to modern banks, could not be improved in decades. Their ills of dual control and partisan interests were imbibed by public sector banks (PSB), leading to unprofessional management systems.

Changes in the regulatory framework, rising customer expectations, shift in employee demography and changes in technology have emerged as key drivers for They must gear up to meet demands from an expanding economy; optimise resources; increase their presence across the value chain; renew focus on research, development and innovation; create a better performance culture and service customer demands effectively.

The government must cut its stake in to raise fresh capital through the divestment route, aid in systematic recapitalisation and, more importantly, bring in leadership that is free to perform with ability and authority.

R Narayanan, Ghaziabad 

can be mailed, faxed or e-mailed to: 
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg 
New Delhi 110 002 
Fax: (011) 23720201 ·  E-mail: letters@bsmail.in
All must have a postal address and telephone number

image
Business Standard
177 22