Letter to BS: Banks, PSUs must get free hand to manage their resources

The government and the RBI will have to ensure that all banks get a level playing field to manage their businesses professionally

Tamal Bandyopadhyay’s insightful article “Bravo FM, but it’s only half the job done” (September 9) gives a realistic recap of the progress of the banking sector in India post-nationalisation and gives practical suggestions for making the current phase of banking consolidation purposeful. India might be the only country which has deployed the resources and outreach of banks as an effective tool in the nation’s economic development with focus on financial inclusion. The credit goes to the government as the owner of public sector banks and the Reserve Bank of India as the regulator and supervisor of the banking system that