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<b>Charan Singh:</b> Why are NPAs higher in public sector banks?

Social sector obligations are only part of the problem; the extreme inefficiencies in credit and recovery mechanisms remain the bigger issues, especially when compared with private sector competitors

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In its recent report on governance in bank boards, P J Nayak, current head of Morgan Stanley India who headed the Reserve Bank of India (RBI)-appointed committee, pointed to the urgent need for the government to remove discriminatory external shackles imposed on public sector banks (PSBs), so that t
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First Published: May 19 2014 | 9:27 PM IST

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