Best of BS Opinion: Strengthening financial sector, no solution yet & more

Here is the best of Business Standard's opinion pieces for Friday

Reserve Bank of India (RBI) Governor Shaktikanta Das recently noted that good governance was necessary for a well-functioning and resilient financial institution. The RBI, however, does not have adequate powers to regulate public sector banks (PSBs), which often function with vacancies in the board and top management. In this context, our lead editorial notes that since the condition of PSBs is important for the flow of credit in the Indian economy, it makes sense to bring them on a par with private banks in terms of regulation. This will help improve the overall health of the banking system in the long run.