 "More steps in the offing for timely fraud detection in banks: RBI")
This refers to the editorial “Free the banks” (September 2). The merger of 10 public sector banks (PSBs) preceded by the capital infusion of Rs 70,000 crore in distressed PSBs in quick succession is as questionable as was demonetisation coming hurriedly ahead of GST leaving the latter limping.
Neither the timing nor the manner justifies it. Two years ago, the State Bank of India was saddled with five associated banks; has the problem of bad loans abated there? According to some reports, it hasn’t. A major reason is that merging banks without solving their deep-rooted hurdles — political interference,
Neither the timing nor the manner justifies it. Two years ago, the State Bank of India was saddled with five associated banks; has the problem of bad loans abated there? According to some reports, it hasn’t. A major reason is that merging banks without solving their deep-rooted hurdles — political interference,
