Letter to BS: Two global firms to train the right men for top PSB jobs

Efforts to save the institutional system from total destruction has to be fast and focused

This refers to the report “Two global firms to help BBB select, train the right men for top PSB jobs” (October 19). Though a little late, the decision to seek professional guidance to design, implement and institutionalise the right leadership development strategy for public sector banks (PSBs) is a welcome move. The delay by a couple of decades, in professionalising boards and the top management of public sector undertakings including the PSBs has already cost the Indian economy dearly. Clearly, the priorities of the political leadership were not in alignment with the concerns of national development. 

Now that the wisdom is