You are here: Home » Opinion » Letters
Business Standard

Letter to BS: Healthy banks are a barometer of a healthy economy

It is time there are reforms to ensure autonomy to the banks with proper checks and balances so that they play their assigned roles effectively and professionally.

Business Standard 

Letter to BS: Healthy banks are a barometer of a healthy economy
Healthy banks are a barometer of a healthy economy. | Representative Image

This refers to the editorial “Reform PSBs” (February, 28). It is an open secret that for long, the public sector banks or the PSBs have been made to or even intimidated by some to finance such projects which they did not consider viable. In this game, in many cases, some black sheep in banks were also hand-in-glove in creating bad loans. Now such bad loans have reached such a stage where it has become a threat to the existence of the banks itself. It is time there are reforms to ensure autonomy to the banks with proper checks and balances so that they play their assigned roles effectively and professionally. Healthy banks are a barometer of a healthy economy.

________________________________________

can be mailed, faxed or e-mailed to:

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg

New Delhi 110 002

Fax: (011) 23720201 · E-mail: letters@bsmail.in

All must have a postal address and telephone number

First Published: Sun, March 01 2020. 20:25 IST
RECOMMENDED FOR YOU