PSU banks require 70,000 employees/yr: BCG Report

The gap between public sector banks and private banks valuation multiples has tripled over last 5 years. The Goverment of India which is the shareholder of public sector banks could increase the shareholder value by more than one lakh crore and ease the capital constraints faced by public sector banks if moves to an updated business model according to a report released today by The Boston Consulting Group called