Capital infusion unavoidable: Usha Thorat
Capital infusion not a solution, but unavoidable: Usha Thorat
The present GOI initiative to ensure that PSBs are able to adhere to capital adequacy norms, hopefully, is part of a comprehensive revamp of Indian Banking System. In post-independent India, RBI and GOI have, by and large, tried to protect savers' interests and adequacy of credit flow to sectors considered more important to the country's economic growth. Present impasse has been created by political interference in the management of PSBs and a pedestrian approach by GOI to management and regulation of banking system during the two decades starting with LPG (Liberalisation-Privatisation-Globalisation) circa 1991.
M G Warrier


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