Business Standard

What ails public sector banks?

Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation-ruining actions

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Tamal Bandyopadhyay
Board members of PSU banks are by and large decent people, but “other than a few, they are not able to contribute much”. Some of them are “failed or aspiring politicians”

My schoolmate, a general manager (GM) in Uco Bank, retired in March. A series of farewell functions kept him busy during his last days in office, and even after retirement. Not every public sector banker is this lucky.

Take the case of S Aftab, who had retired as a GM of Union Bank of India  a few years back. In his book, A Banker’s Musings: Trials and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: May 12 2024 | 4:39 PM IST

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