This refers to the report “Check for fraud in NPAs above Rs 500 mn: Govt” (February 28). On the face of it, there is nothing extraordinary in the owner of a business giving operational instructions to the staff working under him. The government of India as the owner has the responsibility to ensure a smooth functioning of public sector banks (PSBs) and the recent developments have shaken public trust in PSBs.
In the given situation, the divergent instructions flowing from the government and the Reserve Bank of India (RBI) will confuse the already strained managements of PSBs. They will, more likely,
