Business Standard

Letter to BS: Privatising public sector banks to improve professionalism

But, in reality, we find that only private sector banks get the full freedom to do business on their own terms


Business Standard
This refers to Akash Prakash’s thought-provoking piece “PNB and the public sector banks” (February 27). Let us concede that in India, since the Nehruvian days when the public sector commanded some respect, there has been a sponsored lobby out to annihilate public sector undertakings by any means available. We have witnessed the fall of institutions such as UTI.

The methods used included creating legal hurdles in parity in functional matters with the private sector, ensuring weaknesses in top management by interference in top-level appointments and HR issues using the government’s ownership rights and sometimes by allowing infiltration of people of doubtful

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First Published: Feb 28 2018 | 12:07 AM IST

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