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Banking Reforms

Dated:- 2-3-2015 - Performance of Public Sector Banks has remained sub-optimal so far. The Government is taking various steps to improve the situation both on governance side and otherwise. The focus of these reforms is to improve the quality of deli .....

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in five major banks, so that wider choice is available. Both Public Sector and Private Sector bankers can apply. Higher salary can be given in appropriate cases. (iii) Revamping of present selection system which inter-alia includes structured three s .....

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l purely on the basis of efficiency parameters so that banks start focusing on these. (vi) Clear instructions from the department regarding no interference whatsoever in any matter whether related to HR issues or credit decisions or even otherwise. W .....

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