Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant.
 
Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India – all except State Bank of India (SBI) and Bank of Baroda – don’t even have a chairman.
 
In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at