'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Many from this small lender have made it to other bank boards over the past 5 years
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Most expect the Budget to be path-breaking.
We still have time for this government to take action.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The government has provided a long-term vision.
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