FinMin says no fresh funds for state-run banks in Budget

Financial Services Secretary G S Sandhu on Friday ruled out higher fund allocation in the forthcoming budget to recapitalise state-owned banks.   "Not in this budget. If there is any......

Why splitting banks' CMD post is a half-baked move

The finance ministry has ignored some of the more substantive recommendations of the P J Nayak committee report P J Nayak, former chairman and managing director of Axis Bank, is one of the......

How best to restore India's toxic banks to health

The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues -- lax corporate governance practices and......

Can public sectors banks clean up the rot within?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption, notes Somasroy Chakraborty. On July 22, Sudhir Kumar Jain -- the now suspended......