Banks Board Bureau: Old wine in a new bottle?5 min read 02 May 2016, 01:27 AM IST
The problem of bad loans, raising capital, and an overhaul of the banking sector cannot be done by merely asking the bureau to select bankers for top jobs
Early April, after the first meeting of the Banks Board Bureau at the Reserve Bank of India (RBI) central office in Mumbai, minister of state for finance Jayant Sinha tweeted: “excellent discussions at the Banks Board Bureau meeting today". Subsequently, it held another meeting, but we still don’t know the exact terms of reference for this bureau.
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