Much maligned, more misunderstood

Much maligned, more misunderstood: Despite being weighed down on many fronts, the performance of PSBs commends itself on the world stage...



My VIEW:


Excellent analysis. PSBs have been at the receiving end because of their commitment to serve the purpose for which they came into being. PSBs' management never protested when they were denied a level playing field vis a vis the private sector banks or were burdened with responsibilities in social sector which the private sector refused to touch. The result is private sector banks are making merry with a stagnant 'below 30 per cent ' share in India's banking business. RBI is aware of this game and GOI is acting ignorance.


M G Warrier

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