it is high time government gives up its policy of playing muscial chairs with apopointments. There need be a greater concern, respecrta dn attention to the issue of posting top personnel. CEOs should have a fairly long term, not less than three yesrs. FM should pursue his objective of ensuring consolidation in the banking sector and also encouraging young talents. If there is a shortasge of top personnel, government should consider proven talent from outside. s subramanyan
The Govt/RBI should ensure a min.term of 3years for CMDs/EDs of Public Sector Banks. They should not be disturbed unless under extreme circumstances.
While Public sector Banks are pressurised to lend under priority sector, the private sector banks do not have any such compulsion. Is not the duty of the Govt. to ensure that the private sector banks also play a vital role in the economic development of the country especially in the field of agriculture,small scale industry,etc.
The Govt. & RBI should make the laws more stringent for the willful defaulters and make them pay & if not put them behind the bars. Unless this is done the ever mounting of NPAs will continue to rise.
