Modi 1.0: Banks empowered in a big way, but bankers have a rough time

Public sector banks' board structure continues to remain like before, despite the govt drawing up plans to initiate substantive reforms in the space

The five years of the National Democratic Alliance (NDA) government witnessed a growth of private sector banks, while public sector banks remained risk-averse and circumspect in expanding their business because of fear of more bad debt. 

Analysts are generally positive about the fate of the banking system under the present government, but they also say that the regime started with great plans that was never really followed through in full. 

To credit the government, it did stand firmly behind the Reserve Bank of India (RBI) in its fight against the banking system bad debt. The government showed political will in walking the