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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 Triumphs, Aftab writes that
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