The finance ministry's writ
Description
In the recent times there has been much talk about the Union finance ministry trying to micromanage the affairs of the public sector banks. D. Subbarao, and Y. V. Reddy, the current and past governors of the Reserve Bank of India (RBI), have argued for the majority ownerthe Government of India (GOI)to exercise its control over the banks through the board process rather than through notifications. In this context it is useful to understand the constitution of the public sector bank boards to look at this dynamic.
Copyright Date
July 2012
Publication Date
23-7-2012
Publication Title
LiveMint
Publisher
HT Media
Keywords
Finance management, Financial services, Banking, Public sector banks
Source Link URL
https://www.livemint.com/Opinion/fglupOrb4eAkZQG24mexdO/The-finance-ministry8217s-writ.html
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