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Nayak Panel Stirs up a Row

May 26, 2014 by Admin Leave a Comment

  • 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
  • Read at: http://www.thehindu.com/todays-paper/tp-business/nayak-panel-stirs-up-a-row/article6047598.ece

Exams Perspective:

  1. PSU
  2. Banking Reforms
  3. Corporate Governance

 

Filed Under: Current Affairs, Economy Tagged With: Banking Reforms, Corporate Governance, 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., Poor working of banks also blamed on govt meddling in corporate governance, PSU, RBI governor has come out in support of the Nayak committee suggestions

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