Nayak Panel Stirs up a Row

Narendra Modi was the target of Patna blasts, says NIA chief
  • Modi led NDA govt at Centre likely to take a long time to take a call on Nayak panel’s suggestions on running of PSU banks’ boards.
  • Recommendations of panel has touched a hornet’s nest amid all round opposition to them, but likely to set the tone for reform of financial sector
  • RBI governor has come out in support of the Nayak committee suggestions, says they are answers to many woes afflicting PSU banks in India
  • In Public sector banks many of govt appointed independent directors are far from qualified to discharge their roles
  • Poor working of banks also blamed on govt meddling in corporate governance of these banks
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Exams Perspective:

  1. PSU
  2. Banking Reforms
  3. Corporate Governance