PSBs…the road ahead

One could have said that at some point in time in past that the public sector banks were affected by general inefficiency of staff but since about a decade all have up to date tech enabled systems of best quality helping PSBs in very department of banking. So these banks which have people’s confidence in greater measure should have performed better albeit if they had devised a safer landing machanism. I think their should be a credit guarantee corporation providing cover after it receives a certain fee as percentage of loan amount involved and does vetting of the proposals done by it’s own competent staff before extending cover to the loan so advanced. This will bring to naught the ills effects of internal competence, external pressures from political big wigs and element of bribe etc and banks would have a healthy balance sheet to present every passing year.

Krishna Khandelwal

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